FNZ, the global wealth management platform, has completed the acquisition of ifsam, International Fund Services & Asset Management S.A., a business-to-business (B2B) fund platform based in Luxembourg following regulatory approval.

The acquisition further strengthens FNZ’s global proposition for both asset managers and distributors, adding advanced product, research, data, and service solutions to its existing end-to-end wealth management platform.

Clients and distribution partners will now benefit from broadened access and expertise to service alternative asset classes, such as hedge funds, private equity, and venture capital funds, as well as reducing complexity and improving efficiencies across the wealth management value chain.

Luc Duarte, Managing Partner at ifsam, will continue in his role and oversee ifsam’s existing direct relationships with specialist fund distributors and 300+ major asset managers globally.

Adrian Durham, FNZ Group CEO, said: “This is another significant investment for FNZ and further enhances our capabilities in the wealth management sector, as well as expanding our footprint in the continent’s biggest hub for funds.”

“I’m delighted to welcome our new colleagues from ifsam into FNZ and we’re looking forward to working with them to deliver on our shared ambition to support our customers within the global wealth management industry.”

Luc Duarte, ifsam Managing Partner, said: “I am very excited for our team to join FNZ at such an exciting time in its growth. Together, we will expand FNZ’s market-leading offering, leveraging our combined market knowledge to better serve customers. As part of FNZ, ifsam has the opportunity to further accelerate its growth and broaden its suite of services. We are looking forward to putting our combined expertise to work."