ML Capital’s UCITS platform MontLake has announced a distribution agreement with Zurich-based Acolin Fund Services.
The arrangement will provide fund managers on the MontLake platform with access to several hundred banking groups in Germany and Switzerland. ML is also in discussions with a number of distribution partners in Latin America and Asia.
John Lowry, chairman of ML Capital, says: “The market is clearly recognising the vital importance of distribution which a well-placed UCITS platform can deliver. This deal with Acolin will further enhance our competitive position as these distribution deals can often take a year or more to structure."