Euroclear completes acquisition of MFEX Group
PR91699
BRUSSELS and STOCKHOLM, Sept. 16, 2021 /PRNewswire=KYODO JBN/ --
Euroclear is pleased to announce its acquisition of MFEX Group, a leading
global digital fund distribution platform, completed yesterday. Euroclear
announced its intent to acquire MFEX on March 26, 2021. Financial terms of the
transaction were not disclosed.
The combination of MFEX's innovative distribution platform with Euroclear's
FundSettle post-trade expertise creates a compelling offering for fund
distributors and fund management companies globally.
MFEX's broad fund distribution network and talented people will be
complementary to Euroclear, enhancing and extending Euroclear's customer
proposition which will further grow the funds business.
Lieve Mostrey, Chief Executive Officer, Euroclear commented: "We are delighted
to have completed the acquisition of MFEX Group. This transaction brings
together two highly complementary businesses and we look forward to working
with our new colleagues at MFEX to build a stronger fund distribution
proposition for our clients."
About Euroclear
Euroclear group is the financial industry's trusted provider of post trade
services. Euroclear provides settlement and custody of domestic and
cross-border securities for bonds, equities and derivatives to investment
funds. Euroclear is a proven, resilient capital market infrastructure committed
to delivering risk-mitigation, automation and efficiency at scale for its
global client franchise.
The Euroclear group comprises Euroclear Bank, the International CSD, as well as
Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland,
Euroclear Sweden and Euroclear UK & International. The Euroclear group settled
the equivalent of EUR 897 trillion in securities transactions in 2020,
representing 276 million domestic and cross-border transactions, and held EUR
32.8 trillion in assets for clients by end 2020. For more information about
Euroclear, please visit www.euroclear.com.
About MFEX
As independent experts in global fund distribution, MFEX offers a complete
solution for fund companies and distributors. The MFEX Group was established in
Sweden in 1999 and is headquartered in Stockholm with offices in Paris,
Luxembourg, London, Geneva, Kuala Lumpur, Milan, Madrid, Umea, Hong Kong,
Singapore and Zurich. The main supervisory authority is the Swedish Financial
Supervisory Authority (Finansinspektionen).
Today, MFEX is a pan-European leader with a global presence active in 52
countries on 5 continents with more than 300 employees. The company is divided
into four main business areas: Trading and custody, Distribution agreement and
rebate collection, Data and fund information and Due Diligence / AML & KYC
(Global Fund Watch). In September 2021, MFEX became a part of the Euroclear
group - one of the world's largest providers of domestic and cross-border
settlement and related services for bond, equity, ETF and mutual fund
transactions.
More information is available at www.mfex.com
Logo - https://mma.prnewswire.com/media/832898/Euroclear_Logo.jpg
Logo - https://mma.prnewswire.com/media/1474566/MFEX_Logo.jpg
Source: Euroclear
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