Luxembourg-based Fund Channel, a distribution platform owned by French asset manager Amundi, has launched a new fund dealing service for asset managers and fund distributors who are its clients.
The services include order-routing, execution and safekeeping services that extend its core distribution and data offering, Fund Channel says in a statement on September 24.
The company has hired Jean Vaz to head the fund dealing team. Based in Luxembourg, he was previously a client relationship director at US-based fund administrator Gen II Fund Services.
Fund Channel currently has over 330 billion euros (US$387.33 billion) of assets under intermediation, servicing 600 asset managers and over 100 distributors.