European fund distribution platform MFEX plans to open an operational center in Kuala Lumpur.
Stockholm-headquartered fund distribution platform MFEX announced the closing of its previously announced deal to acquire the Luxembourg-based RBC Investor & Treasury Services (RBC I&TS) Global Fund Platform (GFP), and consequently, the delivery of fund distribution services to RBC I&TS under a long-term partnership.
«We are excited with the possibilities that this partnership will bring in reducing the operational, technical and legal barriers of fund distribution. With new offices in London, Luxembourg, as well as further strengthening our strong Asian presence by opening an operational center in Malaysia, we remain the leading independent global fund platform,» Olivier Huby, co-CEO MFEX, said.
Enhanced Service
The combined MFEX and GFP platform offers an enhanced service for distributors and fund companies, with the ability to support mutual funds, hedge funds, ETFs and money market funds with trading, rebates and data solutions. MFEX currently has distribution deals with 305 distributors and 930 fund companies, covering some 50 countries.
