Euroclear has enhanced its fund distribution proposition for its clients with the acquisition of MFEX Group, a global digital fund distribution platform.
According to Euroclear, the combination of its FundSettle post-trade expertise and MFEX’s innovative distribution platform creates a compelling offering for fund distributors and fund management companies globally.
MFEX’s 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, CEO, Euroclear comments: “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.”
The intent to acquire MFEX was revealed on 26 March 2021. Financial terms of the transaction were not disclosed.
