The UK fund proposition is part of the recently launched Modern Wealth Management platform for mid-long term self-directed retail investors and Cofunds has been appointed to provide the funds engine for the bank’s online UK domiciled funds offering.
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Christopher James, director of Institutional Services, Cofunds commented "We understand that reducing risk and increasing efficiency is of huge importance to firms in today’s current climate, which is why we have developed an all-encompassing service enabling us to lower operational risks and offer a simple, standardised process."
"Through Cofunds, Saxo Bank will be able to access UK funds with only one point of contact, adding significant value to future clients," he further added.
Recently, Cofunds had declared a gain of US$5.6 billion in assets under administration in Q1 of 2012.
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