FE fundinfo is set to acquire Fundsquare, a fund registration and regulatory services provider, following its partnership with the Luxembourg Stock Exchange (LuxSE).
Fundsquare is a wholly-owned subsidiary of LuxeSE that was formed to facilitate cross-border fund distribution through the cost-effective collection and distribution of high-quality data and information across the lifecycle, from inception to filing and distribution.
As an independent provider of fund data and technology expertise, FE fundinfo serves fund managers, fund distributors and financial advisors to improve transparency and efficiency within the investment industry.
Following the acquisition, Fundsquare will strengthen FE fundinfo’s growing operation in Luxembourg, including the support of the publiFund platform, a centralised platform for data and documents that connects the entire ecosystem of a fund.
The amalgamation of Fundsquare and FE fundinfo’s services provides an opportunity to create a pan-European champion in fund data, reporting and infrastructure, says FE fundinfo.
Under the partnership, LuxSE will become an investor in FE fundinfo The two entities will also establish a centre of excellence for regulatory reporting in Luxembourg to explore joint opportunities in ESG-related products and services.
Commenting on the partnership and acquisition, Hamish Purdey, CEO of FE fundinfo, says: “By combining our services, the scope for greater efficiencies and product innovation will dramatically increase and the industry will benefit greatly from the enhanced product and service integration.
“Luxembourg will house our centre of excellence for regulatory reporting with comprehensive coverage of key European fund jurisdictions. We look forward to working together to enhance our services to meet the needs of the entire investment management value chain, including fund managers, distributors, fund service providers, regulators and investors.”
Maxime Aerts, managing director and COO of Fundsquare, adds: “Growing competition in the fund industry, along with a definite need for more precise governance and risk mitigation require strong data management and disclosure capabilities. We see an enormous potential for Fundsquare to expand its reach beyond what we have already achieved.
“We are truly looking forward to forming part of the FE fundinfo group and are eager to explore new opportunities for our clients and our people. We share FE fundinfo’s vision and global ambitions, and we are excited to be at the heart of the group’s growth strategy for our industry.”
