Benjamin Collette and Bastien Collette, Partners (Palana): Relieving the headaches of the European asset management industry

Since 2021, the Palanterra Group of Companies - Avanterra, Palana Services and Palana – have been offering a broad mix of technology, outsourced functions and advisory services to an asset management industry more than ever in need of help to manage expanding regulatory reporting, transparency and compliance requirements.

How does the Palanterra Group serve the European fund industry?

Avanterra, Palana Services and Palana are a group of specialised companies under the common ownership of four entrepreneurs that provide a range of dedicated services exclusively to the asset management industry. Founded in 2021, headed by six senior partners and operating from offices in Luxembourg and London, the group draws on a team of nearly 100 regulatory compliance, technology and operations specialists to assist its clients in areas throughout the fund value chain. Avanterra’s technology solutions business provides data management and regulatory reporting, drawing on 12 years of proprietary technology development and continuous reinvestment of revenue. Palana Services provides outsourced services across the complete lifecycle of investment products, from creating a fund prospectus to regulatory reporting and AML/CTF services. Palana is an advisory and consulting business drawing on the industry expertise of its principals and regulatory and fund operations specialists to assist asset managers and service providers.

“Our dedication to improving efficiency in the industry yields cost advantages for our clients while relieving them of headaches from having to manage non-core functions.”

What is your business approach, and how do you differ from your competitors?

Our group of companies combine deep industry knowledge with a hands-on approach, having senior team members closely involved with client projects – as well as training, mentoring and coaching the next generations. We continue to invest in all aspects of the business, including knowledge management – a critical facet of the industry today – and the development of our service offering to meet the evolving needs of our clients, who cover the full range of asset management strategies. Our dedication to improving efficiency in the industry, from governance to operations and technology, yields important cost advantages for clients while relieving them of the headaches of having to manage non-core functions. Clients can also rely on our complete independence and ethical grounding, and the alignment of our activities with their own ambitions and goals. And sustainability is not just an aspect of regulatory reporting, or a slogan, but a core element of our strategy and decision-making.

What critical services do you offer clients?

In addition to the core asset management requirements of regulatory and institutional reporting, we advise our clients on the sensitive but vital functions of anti-money laundering, financial crime and sanctions compliance controls. Our extensive managed services include among others SFDR reporting, asset due diligence, screening of third parties, RC and compliance services, fund registration, AIFMD and Form PF filing with the regulators, Solvency II reporting, and computing and compiling key information documents (PRIIPS KID and UCITS KIID). On the advisory side, we assist our clients with business issues that extend from AML client files remediation to compliance advice and valuation to M&A assistance. Our group companies service funds domiciled both inside the EU – Luxembourg, Ireland, France, Germany and Sweden – and outside jurisdictions: the UK, Jersey and Switzerland.