FE fundinfo has purchased AlphaOmega, a Luxembourg firm that provides regulatory reporting services for investment managers.
As per the terms of the deal, Antoine Capone from AlphaOmega will take up the role of general manager, Luxembourg, and join FE fundinfo’s leadership to assist with product work and client services across Luxembourg and other European markets.
AlphaOmega offers regulatory output services for the EU, UK and Switzerland, consolidating reporting processes and applying regulatory technical standards and templates.
The company also carries out in-house calculation work to support its reporting services.
FE fundinfo CEO Liam Healy said: “We couldn’t be more excited about the acquisition of AlphaOmega and having Antoine Capone take the reins as General Manager, Luxembourg. Regulatory compliance and the need for operational efficiencies remain front and centre for the investment management community.
“This important milestone is another example of how we’re setting out to deliver client value through building the industry’s most comprehensive set of offerings powered from one trusted source of data.
“Strategically, it also reinforces our dedication to growth in Luxembourg – now home to our second-largest global operation.”
FE fundinfo said the deal adds calculation capabilities to its Nexus platform to cover a wider set of regulatory reporting needs.
AlphaOmega’s clients will be able to access services on the Nexus platform, including product data management, fund registration, regulatory reporting and distribution services, as well as FE fundinfo’s dissemination network.
Furthermore, the acquisition extends FE fundinfo’s operations in Luxembourg.
The deal is expected to roughly double FE fundinfo’s presence in the country, making it the company’s second-largest office by size.
FE fundinfo said the combined businesses will supply greater expertise in regulatory reporting frameworks and offer investment managers and management companies a locally based support model.
The company noted the move follows its 2022 purchase of Fundsquare as part of its Luxembourg expansion.
FE fundinfo said the Nexus platform will be used to provide the combined services, covering data management, regulatory compliance and global distribution, with the aim of supporting operational processes, regulatory obligations and assets under management.
AlphaOmega CEO and incoming FE fundinfo Luxembourg general manager Antoine Capone said: “The technology we built at AlphaOmega was designed as an industrial-grade engine for regulatory reporting, combining complexity and scalability.
