FNZ, a global wealth management platform, has successfully completed the acquisition of International Fund Services & Asset Management (Ifsam), a Luxembourg-based business-to-business (B2B) fund platform, following regulatory approval on Tuesday 23 January.

With this merger, FNZ that it plans to set up a centre of excellence for fund processing services in Luxembourg, Europe’s largest fund centre, as part of a significant investment in the European market.

The company plans to broaden access and expertise in managing alternative asset classes such as hedge funds, private equity and venture capital funds. Additionally, FNZ intends to streamline processes and enhance efficiencies across the wealth management value chain, thereby offering customers improved fund dealing and custody services.

Adrian Durham, FNZ Group CEO, commented on the importance of the acquisition in bolstering FNZ’s capabilities in the wealth management sector and expanding its presence in Europe’s most significant hub for funds.

Luc Duarte, Ifsam’s managing partner, will continue in his role managing Ifsam’s direct relationships with specialist fund distributors and over 300 major asset managers globally.