Fund Channel opens office in Milan
Fund Channel has opened a representative office in Milan and hired Luca Lombardi to head it up.
Fund Channel is a B2B fund distribution platform controlled in equal measure by Amundi and BNP Paribas Asset Management since 2009. Established in 2005, it is based in Luxembourg and operates in 14 countries in Europe and Asia.
Fund Channel has offices in Switzerland, Singapore and Italy, with 70 employees. Its volume of intermediated assets came to €175bn as of 31 December 2018, 7% of which in Italy.
Lombardi comes from the MFEX Mutual Funds Exchange in Milan. He previously worked at BNP Paribas Securities Services.