Allfunds, a global wealth management platform, announced in a press release on 26 February that it has formed a strategic partnership with Waystone. Under the agreement, the management activities of the existing Allfunds ManCo for investment vehicles based in Luxembourg and Ireland will transition to Waystone, subject to regulatory approvals.
Allfunds’ existing ManCo vehicles will therefore benefit from Waystone’s dedicated management company services. The partnership also provides that Waystone’s clients will gain access to Allfunds’ distribution network, technology and platform connectivity.
Waystone oversees more than $450bn (€414bn) in assets and employs 1,800 professionals worldwide. The firm is recognised as the market-leading independent ManCo in Europe and an authorised corporate director in the UK. It provides oversight across traditional and alternative funds and offers white-label ETF platform solutions in Ireland and Luxembourg, alongside ETF capital markets expertise.
CEO of Allfunds, Annabel Spring, said: “Choosing the right partners is central to how we serve our clients, and Waystone’s depth of expertise and consistently high standards make them a natural fit to continue supporting our clients’ ManCo needs. Their strength in fund governance sits well alongside Allfunds’ own distribution and platform capabilities, giving clients both dedicated oversight and access to our global reach. This partnership allows us to focus more sharply on our core priorities while offering clients a stronger, more complete service.”
Group CEO of Waystone, Sanjiv Sawhney, commented: “We are delighted to partner with Allfunds, a high-quality, global distribution platform. By transitioning ManCo responsibilities to Waystone, Allfunds’ clients will benefit from our mission-critical ManCo support and integrated service offering, underpinned by deep industry experience, strong regulatory relationships and a proven, repeatable lift-out model. At the same time, this partnership enables our clients to continue to access Allfunds’ world-class distribution network and exemplifies how we build long-term strategic relationships with financial institutions worldwide, delivering governance capability at scale while enabling our partners to focus on their core growth objectives.”
