MFEX acquires RBC I&TS’s global funds platform 12 April 2019Stockholm Reporter: Jenna Lomax
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MFEX has acquired RBC Investor & Treasury Services’ (I&TS) Luxembourg-based global fund platform (GFP) to provide service on the distribution of funds under a long-term partnership.
MFEX has also opened two new offices in Luxembourg and London to strengthen its European offering, as well as a new operating centre in Malaysia.
The combination of MFEX and GFP enables distributors and asset management companies to benefit from a broader service, including further support for hedge funds and exchange-traded funds while adding new transaction features, retrocession calculation and data solutions.
Olivier Huby, co-CEO of MFEX, said: “This partnership opens up remarkable opportunities for reducing operational constraints, technical and legal in the global distribution of funds and improvement of service to customers, distributors and management companies.”
He added: “The opening of offices in London and Luxembourg, combined with a strengthened Asian presence through our new centre of excellence in Malaysia, reinforces our status as a leading international platform.”
Paul Stillabower, global product manager at RBC I&TS, commented: “Our partnership with MFEX supports I&TS's strategic goal of providing enhanced functionality to its customers. MFEX's expertise in fund distribution complements the RBC I&TS offering. We look forward to providing our customers with the benefits of this collaboration.”
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