The distribution of funds is undergoing a transformation. The European market, historically fragmented and dominated by large Swiss distributors such as UBP, is seeing the development of new players. "There are fewer platforms today than at the beginning of the 2000s. In particular, we have seen a consolidation of the sector since 2017, with the emergence of new platforms such as Allfunds and MFEX," confirms Sylvie Baijot, global head of fund distribution solutions at BNP Paribas Securities Services.