Ratings and research agency FE has ramped up its regulatory capabilities with the acquisition of Global Funds Registration (GFR) and Kii Hub1.
GFR is a fund registration specialist and Kii Hub is a provider of regulatory documents such as Ucits KIIDs and Priips KIDs.
The merger will enable FE to work closely with regulatory bodies and fund groups on regulatory issues, and is “part of FE’s strategy to actively expand and grow in key areas where it has historically had less presence”.
Michael Holland, managing director of FE, says: “The addition of these two market-leading businesses to our firm will enable us to stay at the forefront of future regulation and most importantly, help our clients to meet their ever expanding compliance requirements.”
FE says the focus on regulations, transparency and data means customers will now benefit from the firm’s “full spectrum of fund operations”, including registration, distribution and compliance.
Martin Neason, director of GFR, adds: “For the past 10 years, GFR has been providing consultancy and specialised project management services to assist our clients increase the distribution of their funds into Europe and beyond.
“Today marks the next chapter and we’re proud to join FE and its shared vision for making the industry better informed and ensuring fund distribution is comprehensive, transparent and regulatory compliant.”
Kii Hub will be integrated into FE Regulatory Services while GFR will remain a standalone entity.