Amaces provides tools and consulting services to help institutional investors benchmark and monitor the cost and quality of the investor services they receive from their custodian banks.
The acquisition expands MJ Hudson’s existing asset management client base from managers, pension funds and other asset owners.
It also provides MJ Hudson with an established operational and commercial in the US and Canadian markets, while also offering new and existing clients an extended and enhanced suite of services.
According to MJ Hudson, the firm also provides innovative tools and related consulting services in the field of FX transaction cost analysis.
Matthew Hudson, CEO, MJ Hudson, commented on the deal: “The acquisition will complement the consulting, analytics and software capabilities MJ Hudson has already built and allow our clients to benefit from a more comprehensive, technology-enabled suite of services, across multiple markets.”
“As well as allowing us to provide new services to MJ Hudson’s European customers, our decision to acquire the company, its software system and IP comes as we seek to further improve the support we provide to our North American clients and begin to grow our profile in the world’s largest asset management market.”
Hudson continued: “The Amaces team has identified a significant growth opportunity for its market-leading services and we are excited to work with the team to capture this opportunity and help more institutions generate enhanced returns.”
James Economides, director of Amaces US, said: “Amaces and MJ Hudson both operate within asset management and both have strong, compatible cultures. The logical next step was to combine forces for the benefit of all our clients. We look forward to providing even better, more extensive products and a broader consultancy practice for the 100 plus institutions that we already work with.”
Aidan Dennis, Director, Amaces Europe, added: “The corporate transformation that Amaces is undergoing is to the benefit of our clients and will deliver an enhanced service for all, which is the key imperative. We very much look forward to the new partnership.”
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