Euroclear completes acquisition of MFEX Group
Euroclear has completed its acquisition of MFEX Group, a global digital fund distribution platform, having originally announced its intention to acquire the group on 26 March, 2021. Financial terms of the transaction have not been 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, says: “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.”