Paris
10 July 2017
Reporter: Stephanie Palmer

New working group to champion innovation in French funds industry


Euroclear has launched a new working group exploring ways in which innovation can make French fund fund distribution more efficient, and more in line with international investor expectations.

The group will be chaired by independent management consultancy Ailancy, and intends to improve the French distribution model for both domestic and foreign investors.

Experts from the buy side, sell side, market infrastructures and industry associations are invited to join the group, considering how new technologies such as blockchain could add value to the funds industry.

Euroclear intends to publish a report in early 2018, setting out concrete plans for reinforcing fund structures, based on the findings of the working group.

Brigitte Daurelle, CEO of the Euroclear Settlement of Euronext-zone Securities central securities depositories, commented: “While France already offers a robust and efficient funds infrastructure, it must continue to look at innovative ways to make its funds industry even more competitive. This working group will do that and more, providing a roadmap for future development that we can put into action together.”

Thibaut de Lajudie, partner at Ailancy, said: “This working group will unite all the stakeholders of the value chain. It is a great opportunity for the Paris marketplace to speed up the innovation trend and improve its competitiveness.”

“We are very excited to have the opportunity to lead this group, mostly because we observe a great commitment and interest among participants when we drive innovation projects.”

Eric Pinon, president of the French Asset Management Association (AFG), said: “In the international competition, all improving processes aiming to increase the visibility and distribution of French investment funds abroad as well as to enhance customer knowledge are actively supported by the AFG.”

“Moreover, a wider expansion of technological innovations will contribute to enhance the French asset management industry at the international level.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
SLI goes live on Calastone’s settlement service
23 November 2017 | London | Reporter: Jenna Lomax
Standard Life was added to the solution following its £11 billion merger with Aberdeen Asset Management, which was completed in March this year
BNP Paribas hires new Hong Kong head
23 November 2017 | Hong Kong | Reporter: Jenna Lomax
Kasparian will be responsible for developing relationships with new and existing clients, as well as delivering best-in-class operations and services
Monyx selects RBC I&TS to manage SICAV umbrella
23 November 2017 | Luxembourg | Reporter: Jenna Lomax
RBC I&TS will provide custody, fund administration, transfer agency, securities lending and foreign exchange services to Monyx
Societe Generale boosts ESG reporting
22 November 2017 | Paris | Reporter: Jenna Lomax
The new solution allows institutional investors and asset managers to rate their investments against ESG indicators
Tobam launches bitcoin mutual fund
22 November 2017 | Paris | Reporter: Jenna Lomax
The fund will allow investors access to cryptocurrency to benefit from Tobam’s research and IT systems to track the value of investing in bitcoin
Strate adopts Nasdaq blockchain solution for voting
22 November 2017 | Stockholm | Reporter: Becky Butcher
Nasdaq is set to provide its blockchain electronic voting solution to South African Central Securities Depository (CSD) Strate
UniCredit launches instant payment solution
22 November 2017 | Milan | Reporter: Becky Butcher
UniCredit has launched its cross-border instant payments solution in Italy and Germany
More news