Euroclear completes acquisition of MFEX Group

Euroclear

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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