MFEX, the Stockholm headquartered fund distribution platform, has announced the final regulatory approval and closure of the acquisition of the RBC Investors & Treasury services Global Fund Platform, based in Luxembourg.
Combining MFEX and GFP will support trading, rebates and data solutions across mutual funds, hedge funds, ETFs and money market funds
The deal means MFEX has gone live with delivery of fund distribution services to RBC I&TS. MFEX currently had distribution deals with 305 distributors and 930 fund companies, covering some 50 countries.
Olivier Huby, co-CEO MFEX, said: "Going live swiftly and as scheduled, has only been possible through great teamwork, agility and collaboration between the RBC I&TS and MFEX teams. 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."