Euroclear Closes Acquisition of MFEX Group

Euroclear, the financial industry’s trusted provider of post trade services, announced that it has completed on Wednesday the acquisition of MFEX Group (MFEX), an independent expert in global digital fund distribution.

Euroclear noted that the integration of MFEX’s innovative distribution platform with its FundSettle post-trade expertise would produce a compelling offering for fund distributors and fund management companies globally.

MFEX’s broad fund distribution network and talented people will complement Euroclear, enhancing and extending Euroclear’s customer proposition which will further grow the funds business.

“We are delighted to have completed the acquisition of MFEX Group. This transaction brings together two highly complementary businesses and we look forward to working with our new colleagues at MFEX to build a stronger fund distribution proposition for our clients,” Lieve Mostrey, Chief Executive Officer, Euroclear commented.

Euroclear announced its intent to acquire MFEX​ on March 26, 2021. Financial terms of the transaction were not disclosed.

In July, Fazzaco reported that Euroclear has reported its financial performance​ throughout the first half year of 2021. Key metrics indicate strong growth is remained during the period.