European funds distribution specialist MFEX has closed the acquisition of RBC Investor and Treasury Services (RBC I&TS) Luxembourg-based Global Funds Platform.
MFEX has gone live with the delivery of fund distribution services to RBC I&TS under a long-term partnership.
It has also opened two new offices in Luxembourg and London to strengthen its European offering, and a new operating centre in Malaysia, expanding its range of services to 305 fund distributors and 930 asset management companies.
“This partnership opens up remarkable opportunities for reducing operational constraints, technical and legal in the global distribution of funds and improvement of service to customers, distributors and management companies,” said Oliver Huby, co-CEO, MFEX.
The combined platform will offer enhanced services for distributors and fund companies, with the ability to support mutual funds, hedge funds, exchange traded funds and money market funds with trading, rebates and data solutions.
“Our partnership with MFEX supports I&TS’s strategic goal of providing enhanced functionality to its customers. MFEX’s expertise in fund distribution complements the RBC I&TS offering. We look forward to providing our customers with the benefits of this collaboration,” said Paul Stillabower, global head of product management, RBC I&TS.