Brussels-based Euroclear has completed the acquisition of MFEX Group, a global digital fund distribution platform with headquarters in Stockholm. The combination of MFEX’s innovative distribution platform with Euroclear’s FundSettle post-trade expertise creates a compelling offering for fund distributors and fund managers globally, the two companies say.

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

“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,” Euroclear chief executive officer Lieve Mostrey says.

Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives to investment funds. The group settled the equivalent of €897 trillion (US$1,055 trillion) in securities transactions in 2020, representing 276 million domestic and cross-border transactions, and held €32.8 trillion in assets for clients by end 2020.

The MFEX Group is an expert in global fund distribution, offering a complete solution for fund companies and distributors. It was established in Sweden in 1999 and is headquartered in Stockholm with offices in Paris, Luxembourg, London, Geneva, Kuala Lumpur, Milan, Madrid, Umea, Hong Kong, Singapore and Zürich.