MFEX and Natixis Investment Managers have entered into exclusive negotiations for the sale of Axeltis - the fund distribution platform - to MFEX. The plan is for the divestment to be coupled with a long-term partnership with MFEX, providing for the open-architecture distribution of funds within the BPCE Group (Banques Populaires and Caisses d’Epargne networks), together with Natixis Wealth Management and Natixis Assurances. This deal will consolidate MFEX’s position in France and Europe, further boosting its existing offering with innovative and efficient solutions, for both distributors and investment managers.
AHORRO ACQUISITION & MFEX IBERIA
Following the strategic acquisition of Ahorro Best Funds, MFEX continues to reinforce its activities in Southern Europe with the opening of an office in Madrid. The Spanish office will cover Spain, Portugal, Andorra, Italy and Latin America and forms part of MFEX's strategy to expand in Southern Europe. MFEX now offers a full “traspasos” solution tailored to the Spanish market. The new office in Madrid - MFEX Iberia - consists of 6 professionals with over 15 years of experience in the industry. MFEX has received warm welcomes from many fund companies and distributors, thus proving to be a long-awaited alternative to the Spanish market that was, up until now, tied to a restricted and less competitive platform offer.