Credit Suisse has agreed to merge its B2B fund distribution network, InvestLab, into Allfunds, the companies announced this morning (25 June).

Credit Suisse will transfer InvestLab shares to Allfunds, and will become a minority shareholder of up to 18 percent in the combined company, with representation on the board.

Going forward, Credit Suisse will utilise the combined business platform to distribute mutual funds and ETFs.

The combined business will create a global fund distribution platform with more than CHF 570 billion under administration – CHF 430 billion of existing Allfunds business, CHF 140 billion...