Press release, 11th April 2019
MFEX strengthens its global presence by closing the acquisition of RBC I&TS’ Global Fund Platform
Following the previously announced signing in November 2018, MFEX, one of the largest European experts in global fund distribution, has received all necessary regulatory approvals and closed the acquisition of the Luxembourg based RBC Investor & Treasury Services (RBC I&TS) Global Fund Platform (GFP). 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 5 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 - Global Head of Product Management, RBC I&TS.
Oliver Lagerström, co-CEO
+46 709 51 51 86
Olivier Haguenauer, Global Head of Sales
+33 677 041255
Matt Newnham, Managing Director, MFEX UK & Ireland
+44 7387 785 681
Ben Adams – Head of Corporate Communications, Europe. RBC Investor & Treasury Services
+44 207 6534 109
MFEX, independent experts in global fund distribution, offers a complete solution for fund distribution with 194 Billion EUR in assets under administration. Banks and other distributors of funds use MFEX to access the world's largest fund offering with trading, rebates and fund information from over 930 fund companies and 72 000 funds with which MFEX cooperates. MFEX is independent with full transparency between distributors and fund companies. MFEX is active in 51 countries across 5 continents with its head office in Stockholm and offices in Geneva, Kuala Lumpur, London, Luxembourg, Madrid, Milan, Paris, Singapore and Umeå.
About RBC Investor & Treasury Services
RBC Investor & Treasury Services (RBC I&TS) is a specialist provider of asset services, custody, payments and treasury and market services for financial and other institutional investors worldwide, with over 4,500 employees in 17 countries across North America, Europe, Asia and Australia. We deliver services which safeguard client assets, underpinned by client-centric digital solutions which continue to be enhanced and evolved in line with our clients’ changing needs. Trusted with CAD 4.1 trillion in client assets under administration as at February 22, 2019, RBC I&TS has been rated by our clients as the #1 global custodian for eight consecutive years and is a financially strong partner with among the highest credit ratings globally.