FE fundinfo, an investment fund data and technology company, has announced its acquisition of the French-based firm, Adjuto.
This strategic acquisition aims to bolster FE fundinfo’s fee and distribution channel management solutions. While the specific value of the deal remains undisclosed, this move forms a part of FE fundinfo’s initiative, declared in June 2023, to digitally transform, standardise, and automate the middle and back-office procedures for asset managers.
FE fundinfo has been a pioneer in addressing the challenges faced by asset managers who still rely on manual, laborious, and costly processes, often delivering limited value-added services to their clientele. In contrast, Adjuto, established in 2013, has earned its reputation as an expert in rebate calculations and reconciliations, operating chiefly in France, Luxembourg, and Switzerland.
In its pursuit to refine service offerings, FE fundinfo previously launched a pilot programme dedicated to asset managers. This initiative granted them an opportunity to examine and furnish feedback on the service, fine-tuning it to their explicit requirements before its official release. Given the positive reception and enthusiastic participation from a multitude of asset managers in the pilot project, the acquisition of Adjuto is hailed as a significant landmark in enhancing FE fundinfo’s solutions related to fund distribution. Furthermore, Adjuto is poised to be instrumental in operating FE fundinfo’s Managed Fee and Distribution Channel Management Service.
In recent news from August 2023, FE fundinfo welcomed Liam Healy to the helm as its CEO. Healy boasts over 15 years of executive leadership prowess, honed by his focus on customer-centric go-to-market strategies, product delivery, and overseeing mergers and acquisitions.
FE fundinfo chief executive Liam Healy said, “We couldn’t be more excited to welcome Adjuto into the FE fundinfo family. Olivier and team have done a great job and combining forces is a natural extension to collectively continue solving the biggest challenges our clients face in fee and distribution channel management.”
FE fundinfo director fee & distribution channel management Steffen Ahlers remarked, “We are thrilled to welcome Adjuto to FE fundinfo as we continue to propel our fee and distribution channel management initiative forward. This acquisition is a testament to our unwavering commitment to equipping asset managers with products and services for success. Together, we’re poised to redefine industry standards and digitalise processes related to fee management.”
Adjuto CEO Olivier Gnos, the founder of the French firm, expressed, “Joining FE fundinfo marks an exciting chapter for Adjuto. Our decade-long journey in developing top-tier technology aligns seamlessly with FE fundinfo’s vision for the future. This collaboration presents an incredible opportunity to harness our collective strengths and provide asset managers with transformative solutions that simplify their operations, reduce manual processes and elevate their performance.”
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