Gothaer Insurance Group, one of Germany’s largest insurance companies, in alliance with JPMorgan, has launched a funds supermarket trading platform for investment funds in Germany. Through the trading platform, Gothaer’s distributors can market a comprehensive range of funds to their investment clients.
As Bryan Hahn, chief executive officer of Gothaer explains, the launch of the system enables some 2,300 Gothaer agents and over 4,500 brokerages to trade the shares of a number of well-known investment companies through a single customer custodian bank.
JPMorgan Fundshub in London is providing the technology for the trading platform. As Mark Lund, CEO, JPMorgan FundsHub comments, “This alliance is further evidence in our continuing belief in the increasingly important role that the maturing funds supermarket trading platforms will play in Europe as open architecture becomes the norm”.
“Germany is a key part of our European strategy and through this alliance, we are able to deliver the firm and make available our broad range of dedicated distribution solutions to the German retail sector in Germany for the first time”, adds Ramy Bourgi, business executive, JPMorgan Investor Services.