European fund distribution specialist MFEX has closed its previously announced acquisition of the Luxembourg based RBC Investor & Treasury Services (RBC I&TS) Global Fund Platform (GFP), having secured the necessary regulatory approvals for the deal.In turn MFEX has gone live with the delivery of fund distribution services to RBC I&TS under a long-term partnership.
MFEX’s position as a leading expert for international fund distribution has been reinforced in both Europe and Asia through the opening of offices in Luxembourg, Malaysia and London, expanding its offering for both distributors and investment managers with 194 BEUR in assets, 305 distributors, 930 fund companies in more than 50 countries on five continents.
“Going live swiftly and as scheduled, has only been possible through great teamwork, agility and collaboration between the RBC I&TS and MFEX teams. We are excited with the possibilities that this partnership will bring in reducing the operational, technical and legal barriers of fund distribution. With new offices in London, Luxembourg, as well as further strengthening our strong Asian presence by opening an operational center in Malaysia, we remain the leading independent global fund platform.” says Olivier Huby, co-CEO MFEX.
The combined MFEX and GFP platform offers an enhanced service for distributors and fund companies, with the ability to support Mutual Funds, Hedge Funds, ETFs and Money Market Funds with trading, rebates and data solutions.
“Our partnership with MFEX supports RBC I&TS’ strategic goal to provide exceptional client experiences. The integration of MFEX’s scale, expertise and focused investment in global automated fund distribution with RBC I&TS’ comprehensive product and service offering presents compelling benefits for clients. We look forward to continuing to partner with MFEX to deliver this additional value,” says Paul Stillabower (pictured), Global Head of Product Management, RBC I&TS.
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