Leading European prime brokerage, SEB Enskilda, has this week launched SEB Prime Solutions, a one-stop shop for newcits covering all aspects of fund launch and distribution.
Leading European prime brokerage, SEB Enskilda, has this week launched SEB Prime Solutions, a one-stop shop for newcits covering all aspects of fund launch and distribution. The new platform, using a SICAV structure, will provide fund managers thinking of going down the UCITS path with all the necessary legal, risk management and administration support. Furthermore, by using SEB’s Lux-based Fund Services division managers will be able to bring their fund to market quickly and efficiently, thereby reducing what is essentially a cost-intensive process. As prime broker, SEB will also act as custodian. The platform plans to launch two funds initially. A further five have been earmarked for launch by year-end, equivalent to approximately EUR100 million. Marilyn Ramplin, founder of UCITS for Hedge Funds and CEO of Ramplin Capital, was quoted in SEB’s official press release as saying that “the ability to offer a range of services through one operator presents a business model which fully meets the requirements of managers." "We have seen increased demand from our existing and new clients to launch UCITS funds over the last 18 months,” added Atilla Olesen (pictured), head of Prime Brokerage Sales for SEB Enskilda in London.
