Euroclear has agreed to acquire MFEX Group, a global digital fund distribution platform, majority owned by Nordic Capital. Euroclear expects the combination of MFEX’s distribution platform with its FundSettle post-trade operations expertise creates a unique and compelling offering for fund distributors and fund management companies globally.
Lieve Mostrey, CEO, Euroclear, commented, “We are delighted to sign this agreement to acquire MFEX Group. We expect MFEX’s broad fund distribution network, along with its talented people, to be very complementary to Euroclear as we continue to enhance our exceptional service, extend our customer proposition and grow our business.”
Jean Devambez, CEO, MFEX Group, said, “Over the past years, we have together with Nordic Capital invested in our platform and continued to transform the fund distribution proposition. Euroclear is a great strategic fit for the next stage of our journey. By adding our respective strengths, we will be able to build an even better and stronger solution for fund distribution.”