FE fundinfo has acquired Paris-based firm Adjuto, a tech specialist in rebate calculations and reconciliations with clients in France, Luxembourg and Switzerland.
In a statement on 20 September, the global provider of fund information, technology and services said the move forms an integral part of its 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", FE fundinfo said.
The move would "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."
Adjuto is a Paris-based solutions provider specialised in rebate calculations and reconciliations with clients in France, Luxembourg and Switzerland. Established in 2013 by Olivier Gnos, its mission is to optimise and simplify rebate management processes for asset managers.
