Linedata has acquired Quality Risk Management & Operations (QRMO), a provider of outsourced middle-office, shadow accounting and risk monitoring services in Asia.
The acquisition of the 30-strong Hong Kong-based risk management and operations outsourcing firm is intended to expand Linedata’s presence across Asia.
QRMO will also benefit from Linedata’s range of technology solutions.
The agreement follows the addition of Gravitas, a US-based provider of middle office and technology services, to Linedata at the beginning of this year.
Anvaraly Jiva, CEO at Linedata, said: “For more than a decade, QRMO has transformed the operational performance of asset managers across Asia. Integrating these services with our technologies strengthens the value of our offerings to the global financial services community.”
Albert Chiu, president and founder of QRMO, added: “We are looking forward to joining Linedata’s global, growing business as it continues to develop and expand its solutions for the asset management community.”
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