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By Eduard von Kymmel, Head of VP Fund Solutions
The fund industry landscape is experiencing major changes. Large banks barely offer fund services to their smaller clients any more. That opens up niches and strengthens the position of specialised fund services providers, which can use their expertise to adapt to regulatory changes and the growing complexity of the funds business.
The sector is in the midst of restructuring, as large banks and financial services firms increasingly focus on their core business activities and either outsource the funds services business to third parties or offer only a limited number of services that make up the investment fund value-added chain. Smaller asset managers or family offices therefore find it difficult to find...
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