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UBS Fund Services offers new service to support managers with distribution in Switzerland
Distribution in Switzerland has become more challenging since the liberal private placement regime became stricter with the amendment of the Swiss fund law in March last year. Alternative investment funds (AIFs) distributed in Switzerland will now need – subject to transition periods – a Swiss representative and a Swiss paying agent (in addition to UCITS funds).
UBS Fund Services Switzerland is already providing representative services to approx. 300 UCITS and is now widening its offering to AIF fund providers to support them in complying with the new regulations. UBS Fund Services will collaborate with a network of professional service providers to assist fund providers seeking a license as a distributor or asset manager in Switzerland.
André Valente, head of UBS Fund Services, Switzerland, said, "We have created a unique offering which fits perfectly to our UBS Fund Services' one-stop shop approach. Both representative and paying services can be offered in-house and a dedicated team ensures both compliance with all regulatory matters and a competitive time to market. We understand that in depth knowledge of fund distribution from both a regulatory and economic point of view is key, hence, our legal representative services team also serves as competence center for fund distribution to both private label fund and representative clients."
Megan Stinson UBS Media Relations +1 212 713 3379
Ollie Gadney UBS Media Relations +44 20 7568 9982
Mark Panday UBS Media Relations +852 29 71 82 21
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