Broadridge Financial Solutions is to acquire FundsLibrary, a specialist in fund document and data dissemination in the European market, from its parent company Hargreaves Lansdown.
Deals & Transactions
UAE financial institution Mashreq has appointed Tarek El Nahas as its new Head of International Banking Group.
Arcesium, an investment management technology and professional services firm, has secured an investment from JP Morgan.
Meketa Investment Group (Meketa), a global investment consulting and advisory firm, has adopted an updated brand platform, and as part of that effort, has launched a new website. The changes are intended to better reflect and communicate the firm’s offerings and competitive positioning.
iM Global Partner is to acquire a 20 per cent interest in Zadig Asset Management, an independent European equities specialist with USD1.8 billion AUM and 15 employees based in London and Luxembourg.
INTL FCStone's London-based subsidiary, INTL FCStone Ltd, has executed a sale and purchase agreement to acquire GIROXX in Frankfurt, Germany. Closing is conditional upon BaFin approval.
Dun & Bradstreet, a provider of business decisioning data and analytics, has acquired Orb Intelligence, a prominent digital business identity and firmographic data provider.
Augusta & Co (Augusta), a specialist financial adviser to the renewable energy industry, has overseen the sale of an 80 per cent stake in Finnish utility firm Fortum’s wind portfolio across Norway, Finland and Sweden, accounting for approximately 500MW of operational and construction projects, to funds advised by Credit Suisse Energy Infrastructure Partners (CSEIP).
Intertrust, a provider of tech-enabled fund and corporate solutions to clients operating and investing in the international business environment, has expanded its presence in the aviation finance sector with the acquisition of London-based Wells Fargo Trust Corporation Limited.
DWS Group (DWS) has acquired a minority stake of 24.9 per cent in Arabesque AI, a UK-based company focuses on Artificial Intelligence (AI) to predict stock price developments via its proprietary AI engine, combining big data, machine learning, and high-performance computing.