Credit Suisse to merge InvestLab with Allfunds

Allfunds and Credit Suisse said they have agreed to merge Credit Suisse's InvestLab with Allfunds. Financial terms weren’t announced. Hellman & Friedman and GIC will continue to own a majority of Allfunds, while Credit Suisse will become a minority shareholder with a distribution relationship with Allfunds. The combined business will distribute over 78,000 funds and ETFs to more than 700 distributors across 45 countries and have AuA of more than 500 billion euros.

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