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FNZ continues acquisition spree

acquisitionWealth management platform FNZ has made yet another acquisition after reaching an agreement to buy Luxembourg-based B2B fund platform International Fund Services and Asset Management (Ifsam).

Ifsam enables the use of subscription and redemption procedures and also helps provide custody for fund shares.

According to FNZ, the acquisition will offer clients new “product, research, data and service solutions”.

The deal, subject to regulatory approval, comes just weeks after FNZ added two more firms to its roster – US-based fixed income tech vendor YieldX and German credit institution Fondsdepot.

No financial details of the Ifsam acquisition were disclosed.

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