FE fundinfo, a global leader of fund information, technology and services, has announced the acquisition of French-based firm Adjuto, helping to demonstrate its commitment to enhancing fee and distribution channel management solutions.
The move forms an integral part of FE fundinfo's initiative – launched earlier this year – aimed at enhancing the middle and back-office processes for asset managers through digitalisation, standardisation and automation.
With its rebate calculation engine and cutting-edge technology, Adjuto will play a pivotal role in powering FE fundinfo's Managed Fee and Distribution Channel Management Service.
The system and technology developed by Adjuto over the past decade have gained a strong client base across France, Luxembourg and Switzerland by enabling a smooth and more efficient process for rebate reconciliation and calculations.
Following the market response and active participation from numerous asset managers in FE fundinfo's pilot initiative, the acquisition of Adjuto stands as an important milestone in the evolution of FE fundinfo's service offering related to fund distribution.
The move will help elevate FE fundinfo's capabilities, further strengthening its status as a reliable and scalable service provider, while delivering an end-to-end solution for fees and distribution channel management.
Liam Healy, Chief Executive Officer at FE fundinfo, 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."
Steffen Ahlers, Director Fee & Distribution Channel Management at FE fundinfo, said:
“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.”
Olivier Gnos, Chief Executive Officer at Adjuto, said:
“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.”
