Enhancing Cross-Border Fund Distribution: How a Global Asset Management Firm Leveraged Technology for Success
17th August 2023
Introduction
In a rapidly evolving financial landscape, a prominent global asset management firm grappled with challenges in obtaining swift and cost-efficient advice on cross-border fund distribution queries. Discover how the firm embraced innovative technology to overcome these hurdles and revolutionize its approach.
Challenges in Cross-Border Fund Distribution
The asset management firm’s sales and distribution teams faced intricate legal and compliance challenges when navigating cross-border fund distribution across diverse jurisdictions. The convoluted process of seeking advice involved multiple intermediaries, leading to delays, escalated costs, and missed opportunities.
The Client’s Dilemma
Internally, the client’s legal and compliance team was tasked with addressing cross-border distribution queries. However, this process encompassed numerous stages, including identifying suitable local law firms, initiating inquiries, clarifying requirements, conducting due diligence, and establishing engagement agreements. This often resulted in delayed advice and mounting concerns over escalating expenses.
Innovative Solution: Enter Global Knowledge Hub
To streamline this cumbersome and lengthy process, the firm subscribed to our proprietary web-based knowledge platform, Global Knowledge Hub. It provides access to practical information on Registration and Compliance matters for UCITS and AIFs in multiple jurisdictions developed by our global team of legal and regulatory experts.
Global Knowledge Hub’s subscription-based platform provides comprehensive insights into investment fund distribution regulations across 70+ jurisdictions. Authored by specialized lawyers but always without legal jargon, the content within our Global Knowledge Hub is easily comprehensible and covers various facets of cross-border distribution, from private placement to marketing material requirements.
Efficient Implementation
Upon adopting the Global Knowledge Hub, the firm’s legal and compliance teams gained instant access to a wealth of up-to-date legal and regulatory compliance information. With unlimited users, the user-friendly interface allowed them to swiftly retrieve pertinent information for specific jurisdictions, enabling accurate and timely responses to distribution queries.
Tangible Results
The implementation of the Global Knowledge Hub yielded remarkable improvements for the asset management firm:
- Swift Advice: Timely and accurate advice empowered the sales and distribution teams to seize market opportunities and fulfill client demands effectively.
- Cost-Efficiency: Reduced reliance on external legal counsel led to substantial cost savings in legal fees and associated expenses.
- Operational Efficiency: The streamlined process eliminated the need for intermediaries, saving time and resources.
- Comprehensive Resource: The Global Knowledge Hub became a reliable source for consistent responses across jurisdictions, bolstering compliance efforts.
- Informed Decision-Making: Expert-authored content empowered teams to navigate complex regulations with confidence.
Conclusion: Embracing Technological Transformation
Through its subscription to the Global Knowledge Hub, the asset management firm conquered its cross-border distribution challenges. Zeidler Group’s digital tool not only improved the timeliness and cost-effectiveness of legal and regulatory advice but also enhanced overall operational efficiency and decision-making capabilities.
This client success story highlights the potential of technology to reshape traditional processes and drive positive outcomes in the asset management sector.
Discover the Digital Revolution
Uncover the transformative power of the Global Knowledge Hub for your team and see how it can elevate your firm’s cross-border fund distribution strategy.
Experience streamlined processes, cost savings, and improved decision-making – all at your fingertips.
Book a consultation with our experts.
