ermany got a new fund supermarket this week courtesy of the Gothaer Insurance Group
. The Göttingen, Germany-based insurer claims that it is the first to offer a non-proprietary fund platform for the German market.
in Frankfurt acts as the custodian of Gothaer FondsStation and provides clearing and settling of the trades. The bank also supplies its Fundshub
product run out of London for the platform. It is hoping to create similar platforms through Europe, explained Ramy Bourgi
, business executive, JPMorgan Investor Services, Europe, Middle East & Africa. "Germany is a key part of our European strategy," said Bourgi.
The platform carries funds from Fidelity, Pioneer, ADIG and DWA as well as other investment companies. Those investments will be available to 2,300 Gothaer agents and more than 4,500 brokerages, said Bryan Hahn
, Gothaer's chief executive officer.
"This tool also greatly simplifies processing and makes all information directly available," Hahn added.
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