Fund Channel has signed an agreement with Standard Chartered under which the fund distribution platform will deliver trailer fee calculation and operational management services to the bank. The partnership was announced by Fund Channel and focuses on supporting fund distribution activities in Asia and the Middle East.
Trailer fees, also known as rebates, are a standard but operationally complex element of fund distribution. Fund Channel, which is co-owned by Amundi and CACEIS, says the partnership will involve using its centralised platform to calculate and manage these fees, bringing together processes that are often fragmented across multiple systems and markets.
The partnership marks a further step in Fund Channel’s expansion in Asia, where it is positioning itself as a provider of rebate calculation and management services. Standard Chartered’s regional footprint in Asia and the Middle East is expected to be supported through the platform’s operational capabilities.
Fund Channel states that the services are intended to streamline rebate-related processes and reduce operational costs, allowing Standard Chartered to allocate resources to other areas of its business.
Focus on automation and operations
Pierre-Adrien Domon, chief executive officer of Fund Channel, said the agreement reflects the company’s focus on delivering operational solutions for the asset management industry, with Asia highlighted as a region of growth and Europe as an established market.
Ying Ying Tan, global head of product management for financing and securities services at Standard Chartered, said the bank’s clients would gain access to automated solutions designed to improve operational efficiency.
