MFEX Newsletter - Summer 2020



Dear Partners,


With lockdowns starting to ease and warm weather arriving, we would like to take this opportunity to share our recent news. We have had a very busy quarter, gaining licenses in Hong Kong and Luxembourg, and expanding our trading & operations model.


MFEX EVENTS


Please note that all MFEX events have been postponed due to the COVID-19 crisis.


The events will be rescheduled for later in the year



NEW LUXEMBOURG LICENSE


We are pleased to announce that MFEX Luxembourg (regulated by CSSF in Luxembourg), 100% owned by MFEX AB, has extended its presence with the addition of a large team of experienced people joining MFEX from SGSS. This follows the signing with SGSS in June 2019, and the taking over of the bank’s Global Fund Trading (GFT) platform based in Luxembourg.


We have also moved to a new, larger office, located in the centre of Luxembourg city, gathering the new employees joining from SGSS. As with all our offices, the Luxembourg office has been adjusted to keep our employees safe during COVID-19.




TRADING & OPERATIONS MODEL


Starting since June 15th and progressively over the next few months, we will be consolidating our leading position in international funds distribution, and our trading operations will be complemented by a regional focus in a joint operating model encompassing:

  • continuing to support mutual funds dealing and transfers with the Nordic based Transfer Agents / Fund Companies.

  • handling dealing and transfers of mutual and now also hedge funds, private equity, real estate funds with the non-Nordic based Transfer Agents / Fund Companies

We also welcome our new COO, Jean Devambez, joining from BPSS. As group COO he will oversee Trading & Custody, Rebate Collection, Distribution Agreement Administration and Data Solution activities globally. He will be in charge of the provision of a high-quality service to clients, the maintenance of the Global Operating Model, the integration of strategic clients and partners and the acceleration of the group Digital roadmap. He will join the Executive committee of the company. Click here for more information



MFEX HONG KONG LIMITED 


We are extremely pleased to announce that MFEX Hong Kong Limited, a 100% subsidiary of MFEX Mutual Funds Exchange AB, has been awarded the Type 1 license (dealing in securities) by Hong Kong’s Securities and Futures Commission (SFC).


MFEX Hong Kong is poised to become the commercial centre for MFEX in North Asia, focusing on business development, sales and client service. Its priority is to serve Distributors and Asset Managers based in Hong Kong, Taiwan, Korea and Japan. Singapore remains the regional hub for MFEX in Asia.


For more information




EBASE CHOOSES MFEX AND SGSS


We are happy to announce that the European Bank for Financial Services (ebase) has chosen MFEX and SGSS in Germany for their brokerage, custody and trailer fee management services. Under the mandate, MFEX and SGSS will provide services for several thousand funds and will process hundreds of thousands of fund trades each year. This partnership promises strong growth potential in Germany and beyond. We will support ebase with our B2B solutions which will lead to synergies in the B2B2C segment. Partnerships with SGSS and ebase are embedded in our growth strategy and  it represents a continuous expansion of our product range that we offer in existing and new markets. For more information



NEW! ODDS NOW PROVIDING REPORTS ON LOAN AND PRIVATE DEBT FUNDS

In supporting clients’ increasing demand on loans and private debt, MFEX's operational due diligence team, ODDS, has broadened its capabilities and offers now dedicated ODD reports focused on loan and private debt strategies.


For further pricing and information: odds@mfex.com



NEW FUND COMPANIES AVAILABLE




Baker Steel Capital Managers is an investment company established in 2001, and authorised in Luxembourg. Baker Steel Capital Managers is Europe’s preeminent specialist for ESG-minded commodity equity investing. It currently manages EUR 890 million across three strategies, two of which are available as UCITS funds. The award-winning BAKERSTEEL Precious Metals Fund with its bottom-up research and value style identifies the best run gold, silver and PGM mining companies on a world-wide basis.


Sumitomo Mitsui DS Asset Management is one of the largest investment management companies in Japan that manages USD123 billion, offering discretionary investment management, investment trusts and advisory services to a range of institutional investors, pension funds, government agencies and retail investors worldwide. We aim to be the “Best Asset Management Firm for your Better Quality of life”.


Beka Asset Management is an independent management company established in 1998 based in Madrid. Beka AM provides services for individuals, advisors and institutions in a full array of asset classes, from private equity to traditional mutual funds.



LET'S KEEP A FRUITFUL RELATIONSHIP!

With our recommended seasonal super food:


PLUM


Plums – supposedly one of the first fruits to be domesticated by humans – are packed full of nutrients and anti-oxidants. As a good source of fibre, they can also help reduce blood sugar, and have also been shown to help improve heart health!


Please get in contact with us, if you require more information on platform services.


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