Investment advisor and software provider FE has partnered with fundinfo and F2C to create a joint investment data firm.
The establishment of the firm follows the investment of specialist technology investor Hg into FE.
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The executive team of the new firm will comprise members from all three companies. It will be led by FE CEO, Neil Bradford.
All the three companies agreed to integrate to create a single business which will have a wider portfolio of products and services as well as an expanded reach.
The investment data firm is expected to connect nearly 800 asset managers with more than 3,000 fund distribution firms.
Bradford said: “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.
“This will hugely benefit our clients by simplifying data flows, reducing complexity, improving transparency and communication and, ultimately, making investing easier.”
fundinfo CEO Philipp Portmann said: “It’s been a busy two years since our own Hg investment. Earlier this year, the team at F2C joined us to expand our client offering and this latest move is a step change in creating a global group at scale.
“The three companies complement each other in expertise and geographical coverage while sharing similar values in terms of premium client service and operational excellence, so make a natural combination.”
