FinecoBank expands investment services with Algebris’ funds

By 8

UK-based multi-currency bank, FinecoBank announced today the expansion of its investment products, followed by a new suite of funds from London-based Algebris. The partnership will offer Fineco’s UK clients with access to investment strategies and asset classes, including Algebris’ Global Credit Opps, Financial Credit, IG Financial Credit, Financial Income, and Financial Equity.

Paolo Di Grazia, Deputy General Manager, Fineco, said, “We are delighted to be able to offer our UK customers more investing options. Algebris has a strong global presence, built on a strong foundation of intellectual and financial capital. This partnership is an important step in our mission to provide Fineco customers to access the best investments at competitive prices.”

FinecoBank, in May, launched its zero-commission trading solution today aimed at professional traders. The solution intended to offer customers trading at the same price as the stock exchange, with no spread, commission, or hidden costs. The Algebris announcement follows partnerships with Aberdeen Standard Investments, M&G Investments, and Columbia Threadneedle Investments in the last year as the company builds out its investment offering.

Davide Serra, Founder, and CEO at Algebris, added, “We are extremely delighted to partner with Fineco, the best European platform for investing. This partnership is strategically meaningful for us in terms of scale, fit and growth potential in the UK, and will allow us to enlarge our UK distribution efforts on the market through the extensive client base Fineco has been able to build in the region over the years. The combination of our investment expertise with Fineco’s innovative solutions makes this partnership very efficient in delivering a compelling proposition for clients.”