Source: Euroclear
Euroclear is pleased to announce its acquisition of MFEX Group, a leading global digital fund distribution platform, completed yesterday.
Euroclear announced its intent to acquire MFEX on March 26, 2021. Financial terms of the transaction were not disclosed.
The combination of MFEX’s innovative distribution platform with Euroclear’s FundSettle post-trade expertise creates a compelling offering for fund distributors and fund management companies globally.
MFEX’s broad fund distribution network and talented people will be complementary to Euroclear, enhancing and extending Euroclear’s customer proposition which will further grow the funds business.
Lieve Mostrey, Chief Executive Officer, Euroclear commented: “We are delighted to have completed the acquisition of MFEX Group. This transaction brings together two highly complementary businesses and we look forward to working with our new colleagues at MFEX to build a stronger fund distribution proposition for our clients.”