Fundbase Fund Services chooses Devonshire Warwick for sales and marketing
Devonshire Warwick Capital (DWC) is to serve as the marketing and distribution partner for Fundbase Fund Services’s sell-side clients.
Fundbase operates a buy-side fund sourcing and portfolio management analytics platform, attracting some of the most sophisticated hedge investors globally.
In addition, the firm established itself as a major player in the Swiss fund representation market. Switzerland is currently the third largest institutional fund market globally.
Boutique fund managers must register their funds with a Swiss fund representative to distribute their products to qualified investors in Switzerland.
Lilian Klose-La Scalea, managing director of Fundbase, says: “With the growth of our Swiss fund representation service, our clients increasingly required a dedicated and complementary offline fund distribution service. Swiss fund representation firms need to get an edge in an increasingly competitive space. We have known the principals of DWC over many years and attest to their proven ability to raise assets in Switzerland and other financial hubs. Through our partnership, we will offer exclusive road shows at discounted rates and exclusive distribution packages at unbeatable rates.”
Cenk Utkan (pictured), managing partner of DWC, says: “We are delighted that industry veterans such as Fundbase have opted to partner with us. The third-party endorsement of our distribution capability is an important milestone for our business. We also have been looking to get a technological edge in fund distribution and have evaluated many investor matching platforms and found Fundbase to be at the forefront of industry standards. Also, our partnership will enable us to get an in depth regulated distribution capability in Switzerland.”