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.”
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