Over the past couple of years, Lars Bertram, CEO at BankInvest, has been working hard to guarantee that the Danish fund company stays on top of the competition. Last May, the company revealed it was developing a robo-advisory service called “Darwin”, which was launched on the first of February. According to Lars Bertram, BankInvest aims to be a one-stop-shop for its owner banks and that Darwin is an integral part of that scenario.
“After its launch, Darwin will be used by 10 Danish banks including Jyske Bank and Sydbank. It is a new business area that we are building to help our owner banks,” he says, adding that it is a solution to help the banks with the challenge that comes with Mifid II. “The Danish market is a bit special. If you buy international funds you will be taxed differently from when you invest in Danish funds. We will therefore create a Danish wrapper to ensure that investors don’t have to do anything different with regards to tax authorities,” Lars Bertram says,The full article is only available to members
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