MFEX has signed an agreement with RBC Investor & Treasury Services (RBC I&TS) to acquire its Global Fund Platform (GFP) technology.
MFEX will also provide fund distribution services to RBC I&TS under the long-term partnership.
RBC I&TS’ GFP technology provides order routing, deal execution, settlement, asset servicing, fund data, fund documents and trailer commission processing for investments into mutual funds, alternative investment funds and exchange-traded funds.
Following MFEX’s recent acquisitions of Ahorro Best Funds in Spain and Axeltis in France, the agreement with RBC will, according to MFEX, further strengthen MFEX’s position as a leading expert for international fund distribution.
As a result of this acquisition, MFEX will expand its geographic footprint through new local offices in London, Luxembourg and Kuala Lumpur.
It will also reinforce its market share in both Europe and Asia and allow it to expand its offering for both distributors and investment managers.
The closure of the transaction is subject to approval by local authorities.
Oliver Lagerström, co-CEO of MFEX, said: “We are extremely pleased to partner with RBC. Both parties share common values in the delivery of the best possible client experience and a willingness to invest into the digitisation of the fund distribution value chain.”
Olivier Huby, co-CEO of MFEX, commented: “This, along with our other recent acquisitions, reinforces MFEX’s leading role as the preferred independent expert in global fund distribution.”
