Chartered Investment has plugged Saxo's brokerage infrastructure into its digital platform, the two companies said today (Wednesday). Asset managers issuing actively managed certificates (AMCs) through it can now be onboarded in five days, according to the firms.
An AMC wraps a discretionary strategy in a note instead of a fund, which spares the manager the cost and setup time of a fund launch.
Chartered Investment already runs AMCs with Interactive Brokers, where assets are approaching EUR 1 billion (about $1.2 billion), Structured Retail Products reported.
London's trading industry is coming home!
The Saxo connection runs underneath Flow AMC, a new module on the platform. For the Danish bank, it arrives a month after it reported an 18% year-on-year rise in first-half profit as client assets hit EUR 153 billion.
What Changes for Asset Managers
Managers on Flow AMC trade through a single Saxo account with direct market access across global markets and asset classes, the companies said. Chartered Investment keeps the structuring, regulatory and lifecycle work.
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That split mirrors how Saxo works with other partners. Its 2024 review of the Asian business sought partners to run its platforms under their own brands, and the bank now says it powers more than 150 financial institutions.
Asset managers "need a simpler and more efficient way to bring strategies to market," said Henrik Alsøe, global head of Saxo Institutional.
The firms tied the launch to demand for AMCs in Singapore and Switzerland. Singapore became Saxo's regional base after it shut its Hong Kong and Shanghai offices, and in May the bank added a premium tier for accredited investors there.
Saxo holds a capital markets services license from the Monetary Authority of Singapore (MAS) and a banking license in Switzerland, the second market the firms named.
Brokers in the Certificate Business
In Switzerland, online bank Swissquote began issuing structured products through Leonteq's white-label platform in 2022 under its own Yield Booster brand.
Interactive Brokers has been Chartered Investment's trading partner for more than a decade. Saxo has also packaged other firms' strategies before, including SaxoSelect, its 2016 ETF portfolio service built with BlackRock.
Flow AMC "brings the efficiency of modern brokerage infrastructure to the AMC market," said Daniel Maier, general manager at Chartered Investment.
Chartered Investment was founded in 2013 and issued its first AMC in 2016. Beyond Europe and Singapore, it is exploring South America and South Africa, according to Structured Retail Products.
