Mergers & acquisitions

Credit Agricole and Santander join custody forces

French bank Credit Agricole and Spain's Santander say they have signed a Memorandum of Understanding to join forces and combine their custody and asset servicing operations. Crédit Agricole and Santander will hold 69.5 percent and 30.5 percent respectively of the combined entity that will keep the...
MFEX completes RBC I&TS partnership arrangements

Global fund distributor MFEX says it has reinforced its international presence with the acquisition of the RBC I&TS global fund platform, the signing of which agreement was announced in November 2018. MFEX and RBC I&TS envisage being long-term partners for the future distribution of funds. MFEX says...
JTC expands in Luxembourg

Funds and corporate services provider JTC has announced the acquisition of Exequtive Partners SA, a Luxembourg-based fast-growing, specialist provider of corporate and related fiduciary services, established in 2013. The 28 employees of Exequtive Partners, including the five principals, will all...
Apex buys Broadscope

Apex Group has announced the acquisition of Broadscope Fund Administrators LLC, a US-based private equity fund administrator. It says the deal adds a further US$40 billion in assets under administration (AuA) to Apex's portfolio, taking it to a total of $650 billion globally, in addition to further...

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