Euroclear has completed the acquisition of a 49 per cent stake in investment technology solutions provider Inversis, a subsidiary of Spanish bank Banca March. The CSD operator plans to proceed with gradual acquisition of the remaining 51 per cent until full ownership of Inversis is achieved.
The move plays into two goals within Euroclear’s strategic vision: to accelerate growth in Euroclear FundsPlace, its fund distribution platform, and to expand its presence in Southern Europe.
For Inversis, the acquisition “strengthens its market position by increasing its international footprint”, says Inversis CEO Alberto del Cid. “Inversis’ clients will benefit from a reinforced value proposition across all business lines.”
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