Euroclear acquires a stake in Inversis
22 July 2024 Spain
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Euroclear has acquired a 49 per cent stake in Inversis to expand its funds business into Spain.
Euroclear will become the full owner of the global investment technology solutions provider by the end of 2027.
The acquisition forms part of a strategy to build Euroclear FundsPlace, its end-to-end funds platform solution across mutual and money market funds, alternative funds, and ETFs.
Euroclear hopes to accelerate the delivery of its funds’ strategy, and increase its pan-European coverage.
Valérie Urbain, CEO of Euroclear, says: "Inversis’ diversified and resilient business model driven by continued growth perfectly complements Euroclear’s business.
As a European leader with a global presence committed to supporting the Capital Markets Union (CMU), Euroclear will improve its coverage in Spain, a market offering significant growth opportunities in the fund distribution space."
Alberto del Cid, CEO of Inversis, adds: "[By combining with Euroclear,] Inversis’ existing clients will benefit from a stronger value proposition across all the firm’s business areas, including its fund distribution platform, which will be supported by Euroclear’s FundsPlace solution, positioning it as one of the leading global players."
Euroclear will become the full owner of the global investment technology solutions provider by the end of 2027.
The acquisition forms part of a strategy to build Euroclear FundsPlace, its end-to-end funds platform solution across mutual and money market funds, alternative funds, and ETFs.
Euroclear hopes to accelerate the delivery of its funds’ strategy, and increase its pan-European coverage.
Valérie Urbain, CEO of Euroclear, says: "Inversis’ diversified and resilient business model driven by continued growth perfectly complements Euroclear’s business.
As a European leader with a global presence committed to supporting the Capital Markets Union (CMU), Euroclear will improve its coverage in Spain, a market offering significant growth opportunities in the fund distribution space."
Alberto del Cid, CEO of Inversis, adds: "[By combining with Euroclear,] Inversis’ existing clients will benefit from a stronger value proposition across all the firm’s business areas, including its fund distribution platform, which will be supported by Euroclear’s FundsPlace solution, positioning it as one of the leading global players."
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