Allfund to acquire Credit Suisse InvestLab from Credit Suisse.

Allfunds, an investment company, agreed to acquire Credit Suisse InvestLab, an open architecture investment fund, from Credit Suisse, an investment banking company. Financial terms were not disclosed. “With the combination of InvestLab and Allfunds, we are creating a stronger player in the platform and wealth technology space. Credit Suisse is one of the most esteemed wealth management brands in the world and their cooperation with Allfunds is testament to Allfunds’ attractive proposition in the sector. We are truly excited to welcome the InvestLab team to Allfunds. With this combination, we continue our global growth and commitment to enhance our service offering to fund houses and distributors by offering the most innovative technology, digital solutions, and data analytics available in the market.” Juan Alcaraz, Allfunds CEO. Credit Suisse confirmed the closing of the deal on September 6, 2019.