FinecoBank expands UK offering with Algebris Funds

By Megha Bhattacharya

FinecoBank has today announced the expansion of its investment products with a suite of funds from London-based Algebris. FinecoBank’s customers in the UK will now have access to a range of investment strategies and asset classes. The collaboration follows developments with Aberdeen Standard Investments, M&G Investments and Columbia Threadneedle Investments.

Algebris’ funds include 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.”

UK-based Fineco launched in the UK just over two years ago with an integrated offering providing trading, banking and investing services through a single account in up to 13 standard currencies.

FinecoBank is a multi-currency bank and a European FinTech bank. It has built an integrated business model proposing customers its One-Stop-Solution. It offers from a single account banking, credit, trading and investment services through innovative transactional platforms developed with proprietary technologies.

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.”