FNZ to acquire Luxembourg-based B2B fund platform Ifsam
Global wealth management platform FNZ is set to acquire International Fund Services and Asset Management (Ifsam), a Luxembourg-based B2B fund platform, for an undisclosed amount.
FNZ says the acquisition, subject to regulatory approval, will strengthen its client proposition by adding “advanced” product, research, data and service solutions to its platform. It will also provide its partners with broader access to specialist talent and build out FNZ’s presence in Luxembourg.
Since 2001, Ifsam operates with a team of “seasoned” subject matter experts and offers execution of subscription, redemption processes and custody of fund shares for all types of investment funds, including alternative fund products such as hedge funds, private equity and venture capital.
Ifsam claims to provide access to more than 135,000 investment funds to customers including global banks, insurance firms and funds of funds worldwide.
Luc Duarte, managing partner at Ifsam, will continue in his role and oversee Ifsam’s existing relationships with over 30 distributors and 300 major asset managers globally.
“Together with FNZ, we will accelerate our growth trajectory and broaden the suite of capabilities to better serve our existing and new clients with additional technology and service solutions,” Duarte says.