MFEX, a European expert in global fund distribution, expands its footprint in Europe and Asia by entering into an agreement with RBC Investor & Treasury Services, part of Royal Bank of Canada.
The agreement with RBC will strengthen MFEX’s position as a leading expert for international fund distribution in a rapidly consolidating industry, reinforcing its market share in both Europe and Asia, according to a media release on Monday.
As a result of this acquisition, MFEX will expand its geographic footprint through new local offices in London, Luxembourg and Kuala Lumpur.
Digitization of Fund Distribution
RBC I&TS’ GFP technology which provides order routing, deal execution, settlement, asset servicing, fund data, fund documents and trailer commission processing for investments into mutual funds, alternative investment funds and ETFs will be transferred to MFEX as part of the acquisition.
«We are extremely pleased to partner with RBC. Both parties share common values in the delivery of the best possible client experience and a willingness to invest into the digitization of the fund distribution value chain,» said Oliver Lagerström (pictured above), co-CEO of MFEX.
