Monitoring of distributors in many countries.
Lannebo Fonder is a Swedish fund company founded in 2000 by Anders Lannebo together with a group of portfolio managers from fund companies owned by leading banks in the Nordics. Lannebo has approximately 70 billion SEK in AUM in 16 funds and they are now expanding with their distribution in other countries.
“The number of distributors is growing and it’s a challenge to monitor all of them on a regular basis and we had to find a solution for that. Our distributors also started to intensify their due diligence on Lannebo so we wanted to find a tool for due diligence in both ways.
We think it’s great that distributors can use the same profile for due diligence by all asset managers and we wanted to avoid sending unique questionnaires to every distributor. We liked the fact that GRC WATCH is based on many years’ experience of distributor due diligence and that they are completely independent.”
Daniel Sundqvist, Head of Sales and Marketing, Lannebo Fonder
Avanza: Due diligence in many directions.
Linnea Wiklund, Head of Fund Selection at Avanza Bank, is sharing her view about the smartness of “network due diligence”. Also, the great value of sharing their profile with asset managers and companies like transfer agents.
Joint effort by asset managers in Norway.
Norwegian asset managers wanted to comply with the rules in MiFID II related to "mandatory" due diligence on distributors. They also wanted to minimize the work for the distributors and avoid sending a lot of unique questionnaires to them.