Allfunds announced this morning the acquisition of Finametrix, a leading company in fintech solutions for asset management and advice.
Thanks to this acquisition it is expected to benefit Allfunds´ extensive network of institutional clients, including managers and distributors, becoming the ideal partner for the technological revolution facing the sector. Additionally, Finametrix, as part of Allfunds, is expected to benefit from the international scale and structure of a global and consolidated entity.
Following this new agreement, both companies will offer their services jointly but with complete independence, without the agreement affecting any services or clients that currently use both service platforms separately. This alliance strengthens the great service offering of both companies: versatility and flexibility. Allfunds will continue offering global solutions compatible with all types of technology providers, while Finametrix will continue to be compatible with the rest of the operating platforms in the market.
Salvador Mas, the head of Finametrix, said, "Finametrix is a developing entity and is proving very exciting, and from now on it will be even more so. We are very happy to be able to provide continuity and scale with a company that we have admired for many years, Allfunds. The technological challenges in the sector are so great and there are so many opportunities that we could not dream of being in a better position to add value to our clients."
CEO of Allfunds, Juan Alcaraz, said, "This acquisition is part of the ambitious strategic plan that has a renewed momentum on the part of our new shareholders and that aims to consolidate our business as the platform of reference in open architecture solutions. We are enhancing our offering with the most innovative technology, front-office digital solutions, big data, and tools that help our clients to lead the change that is taking place in the sector. This is just one more stage in a process of transformation in our business by including tested Finametrix solutions which will undoubtedly help our customers from today, when and where they need it most. We want to give a strong welcome to Salvador and his team, and we encourage all our customers to know in greater detail the great company that is Finametrix and its digital solutions. "
Salvador Mas will assume the position of Head of Digital, leading a new area within Allfunds, focused on the definition and development of new digital products and services.
According to:*‘European Fund Distribution: Leading Platforms,’ Platforum, March 2017