London/Luxembourg, 20 September 2022: FE fundinfo and the Luxembourg Stock Exchange (“LuxSE”) have finalised the acquisition of Fundsquare by FE fundinfo.
Fundsquare, the leading Luxembourg-based fund registration and regulatory services provider, joins global leader in investment fund data and technology FE fundinfo, creating a pan-European champion in fund data, registration, reporting and infrastructure to transform cross-border fund distribution.
Together the companies connect two core elements of the fund industry value chain – the registration and fund distribution processes – which uniquely provide the capability to consolidate data management, product registration, client reporting, regulatory reporting and dissemination on one open architecture platform. This streamlining of the fund lifecycle delivers lower operational and regulatory risk, increased efficiencies, and provides unprecedented flexibility and scale in the distribution of funds.
Established by LuxSE in 2013, Fundsquare serves global asset managers and fund industry service providers and facilitates cross-border fund distribution through the collection and distribution of high-quality data and information in a cost-effective manner.
FE fundinfo is one of the leading, independent providers of investment fund data and technology, serving fund managers, fund distributors and financial advisers. FE fundinfo brings greater transparency and improves efficiency in the investment industry, helping its clients make more informed investment decisions.
The acquisition of Fundsquare will build on FE fundinfo’s established operations in Luxembourg, creating a local centre of excellence of over 100 fund and regulatory experts. Post-acquisition, the combined group will have a global workforce of more than 1,000 experts across the United Kingdom, Europe, Asia and Australia.
Hamish Purdey, CEO of FE fundinfo said:
“The closing of this deal marks a new and exciting chapter in the development of our offering to fund managers and distributors globally. We are now positioned to transform cross-border fund distribution by enabling efficiencies for our clients in data management, fund registration and reporting. Through the timely provision of the highest quality fund data and information, we will ensure that our clients in the global asset management industry deliver the best investment products either directly to investors or through their distribution partners.
The culture of FE fundinfo and Fundsquare are both centred on a deep commitment to data quality, regulatory expertise and client service. This shared culture and commitment makes us a powerful team going forward into the future.”
Maxime Aerts, Managing Director & COO of Fundsquare stated:
“Growing competition in the asset management industry, along with a need for more precise governance and risk mitigation requires strong data management and disclosure capabilities. Now that we have joined the FE fundinfo group, we have enormous potential to expand our reach and go on to manage the fund data management lifecycle in more jurisdictions than ever before, and we are eager to share our plans with our clients and partners.
As part of FE fundinfo, we feel we are now uniquely positioned to support the transformation of our industry.”
For more information, please visit: fefundinfo.com
+44 20 7534 7600
+352 28 370 409
Notes to editors:
About FE fundinfo
FE fundinfo is a global leader in investment fund data and technology.
Trusted for our data, technology solutions, research and analysis, open international network and expert insights, we provide transparency and enable efficiency to unlock business potential for asset managers, fund managers, distributors and financial advisers.
Because of the quality of our data and our extensive network, we are uniquely positioned in the investment industry and every day, hundreds of thousands of people around the world rely on our data and insights to make investment decisions.
With more than 1,000 experts working from over 15 countries around the world, we believe in bringing trust, connectivity, and innovation to the fund industry.
For more information, please visit fefundinfo.com
Fundsquare provides information and regulatory services that streamline, standardise, and facilitate cross-border investment fund distribution. The company provides fund promoters, investors, fund buyers and other related service providers with accurate, secure and real-time access to crucial data needed to efficiently operate their business.
Fundsquare is the main data hub for Luxembourg domiciled funds.
Fundsquare’s operating ecosystem includes a database of more than 3 million KIIDs, 209,326 share classes and 25.6 million NAVs transmitted annually. Fundsquare is connected to 230 + data vendors, distributors and international platforms, and enables easy and efficient access to a new generation of comprehensive products and services for the fund industry.
For more information, visit fundsquare.net