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FundRock Management Company S.A. (FundRock) has completed the acquisition of SEB Fund Services S.A. (SEB FS) from Skandinaviska Enskilda Banken AB (publ) (SEB). The deal was first announced on May 22nd and concludes following regulatory approval of the Commission de Surveillance du Secteur Financier (“CSSF”).
SEB FS is offering third party management company services to Nordic asset managers with Luxembourg-based investment funds. The business in its entirety, including some 20 employees, is as of today transferred to FundRock. “This move is part of our five year plan and provides a strong foundation to reach our goal of becoming the premier independent Fund Management Company/AIFM in Europe with a full pan-EU offering in the three major fund centres; UK, Ireland and...
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