Swiss Life Private Bank has entered into a partnership with Fund Channel to manage its collection and retrocession services for asset managers, aiming to enhance operational efficiency. Through this , the bank expects to streamline services via a single entry point, optimising the operational, regulatory, legal and financial processes across its French entities.

Fund Channel, a fund distribution platform headquartered in Luxembourg and jointly owned by Amundi and Caceis, employs 110 people in the grand duchy and has additional offices in Italy, Singapore and Switzerland.

Jean-Michel Claude, the bank’s chief operating officer, expressed enthusiasm for the partnership, highlighting that it would enable the bank to offer innovative solutions tailored to its private banking and custodial activities. Swiss Life Private Bank manages over €7.7bn in assets and, in addition, holds custody of over €54bn in assets through its custodian and depository services.

Régis Veillet, head of business development at Fund Channel, noted the growing demand within the wealth management industry for tools that enhance client service efficiency. He stated that this partnership aligns with Fund Channel’s commitment to providing solutions to leading players in the banking sector.

Fund Channel currently oversees assets under intermediation exceeding €521bn. The platform serves more than 600 asset management companies and over 100 fund distributors.