MFEX, experts in automated global fund distribution, expands in the Nordic region by signing an agreement with Bank of Åland. The cooperation covers the bank's Swedish and Finnish entities, and will give Bank of Åland access to an enlarged product offering, a more efficient process for trading in mutual funds as well as a comprehensive and transparent retrieval of rebates.
“The benefits with MFEX is that we get access to the wide range of funds that our customers demand, and that we get a simple and well covered collection of rebates”, says Tony Karlström, Director of Asset Management at Bank of Åland.
Bank of Åland is a small personal bank, offering premium and private banking services to individuals and corporates. Bank of Åland was founded in Åland in 1919 and has a total of 700 employees with headquarters in Mariehamn.
“We are proud that Bank of Åland has chosen MFEX, and look forward to being their independent partner with a leading automated solution for fund trading and the world's largest fund offering”, says Oliver Lagerström, Co-CEO of MFEX.
Banks and other distributors of funds use MFEX to easily trade local and international mutual funds in a cost-efficient way. Clients can have one single counterpart that provides a full service solution, reduces operational risk, minimizes transactional costs and extends rebate coverage. Via MFEX, distributors get access to the world's largest selection of funds, and fund management companies get easy access to more than 90 distributors from Europe and Asia.
For more information:
Oliver Lagerström, Co-CEO MFEX
+46 8 559 03 680
About Bank of Åland
Bank of Åland is a bank with strong customer relationships and personal service. The Bank has extensive financial investment expertise and can at the same time offer good financing services. The commercial bank was founded in 1919 and has been listed on the Nasdaq Helsinki Oy (Helsinki Stock Exchange) since 1942. Bank of Åland’s Head Office is in Mariehamn. The Bank has five offices in the Åland Islands, five offices elsewhere in Finland and three offices in Sweden. A total of three subsidiaries, whose operations are connected in various ways to banking, belong to the Bank of Åland Group.
MFEX, independent experts in global fund distribution, offers a complete solution for fund trading, rebates collection and delivery of fund information. Banks and other distributors of funds use MFEX to access the world's largest fund range with trading, rebates and fund information from 750 fund companies and 50 000 funds that MFEX cooperates with. MFEX is independent with full transparency between distributors and fund companies. Our customers include, among others, KBC Bank, Société Générale, Keytrade Bank, Handelsbanken, Nordea, Carnegie, Pictet, Danske Bank, Citibank, Groupe Edmond de Rothschild and Bank of Singapore. MFEX has its head office in Stockholm and offices in Paris, Umeå and Singapore.