Investment data, research and software provider FE has joined forces with fundinfo, a provider of services for asset managers and distributors in Europe and Asia, and F2C, a Luxembourg-based fund data management platform.
The combined firm will be led by FE chief executive officer Neil Bradford, with a new executive team comprising FE, fundinfo and F2C staff. The merger follows the completion of specialist technology investor Hg’s investment in FE.
Bradford said the three firms will fully integrate to create a single business with international reach, market-leading products and services, a greater level of scale, and a continued focus on operational excellence and quality service.
Combined, the firm will connect around 800 asset managers with over 3,000 fund distribution firms, including a majority of Europe’s wealth managers, platforms, private banks and UK financial adviser firms.
“Today marks the birth of a new international force in investment data. Our combination will create a larger network of asset manager and distributor data partners across Europe and beyond,” Bradford said.
“This will hugely benefit our clients by simplifying data flows, reducing complexity, improving transparency and communication and, ultimately, making investing easier. We look forward to announcing more details about our combined offering in early 2019.”
Founded in 1996, the London-based FE is the owner of Money Management and has operations in Hong Kong, India, the Czech Republic and Australia.