Fundsquare will build on FE fundinfo’s established and growing operation in Luxembourg, which today supports the publiFund platform, a centralised platform for data and documents that connects the whole ecosystem of a fund and allows global fund managers to manage the running of the fund throughout its lifecycle.
The combination of Fundsquare’s and FE fundinfo’s services is a unique opportunity to combine two complementary businesses and create a pan-European champion in fund data, reporting and infrastructure. As part of the acquisition, FE fundinfo will establish a Centre of Excellence for regulatory reporting, based in Luxembourg. The acquisition further provides an opportunity for LuxSE and FE fundinfo to explore joint opportunities in ESG-related products and services, leveraging LuxSE’s experience in this domain and FE fundinfo’s own ESG capabilities from its CSSP acquisition.
An established industry champion
With a global workforce of more than 900 experts and offices in the UK, Europe, Asia and Australia, FE fundinfo is a leading, independent provider of fund data and technology expertise, serving fund managers, fund distributors and financial advisers. FE fundinfo operates to bring greater transparency and improving efficiency in the investment industry, and connects market participants, helping them to make more informed investment decisions.
FE fundinfo has grown rapidly organically and inorganically over recent years. Strategic acquisitions to support FE fundinfo’s broad range of clients across the investment industry have further expanded its data and technology operations, broadening and enhancing its reach in the provision and dissemination of fund data, regulatory services and supporting the overall infrastructure of the global fund industry.
Hamish Purdey, CEO of FE fundinfo said:
“Fundsquare’s reputation as an independent fund registration and regulatory reporting champion is renowned across Europe. We believe our services are highly complementary and the deal will bring together two industry leaders in fund data and reporting. 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.”