FE fundinfo has acquired French firm Adjuto to enhance its fee and distribution channel management solutions.
The acquisition was part of the fund information, technology and services provider’s recent initiative to improve middle and back-office processes for asset managers through digitalisation, standardisation and automation.
The firm said that Adjuto’s rebate reconciliation and calculations system would enhance its end-to-end solution for fees and distribution channel management service.
Liam Healy, CEO at FE fundinfo, said: “Combining forces is a natural extension to collectively continue solving the biggest challenges our clients face in fee and distribution channel management.”
Olivier Gnos, CEO at Adjuto, added: “This collaboration presents an opportunity to provide asset managers with transformative solutions that simplify their operations, reduce manual processes and elevate their performance.”
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