Financial data company FE fundinfo has announced the acquisition of AlphaOmega, a Luxembourg-based group helping investment managers streamline fund regulatory reporting.
The group was founded in 2017 and has been providing asset managers regulatory output services, but centralising complex reporting tasks and embedding technical standards and templates. This is particularly pertinent with major regulatory updates coming up including SFDR, PRIIPs and AIFMD.
Following the acquisition, Antoine Capone, CEO at AlphaOmega, will join FE fundinfo’s leadership team as general manager, Luxembourg, working closely with the global executive team to serving clients across Luxembourg and Europe more broadly.
Liam Healy, CEO at FE fundinfo, 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.”
Capone added: “The technology we built at AlphaOmega was designed as an industrial-grade engine for regulatory reporting, combining complexity and scalability. It is a natural fit with FE fundinfo’s leading platform and I am excited to see more European clients benefit from it. Joining FE fundinfo’s leadership team at such an important time for the company is a fantastic opportunity.
“I look forward to leading our talented team in Luxembourg as we broaden and strengthen our service offering in this fast-growing fund market and ultimately contribute to driving FE fundinfo’s mission to connect the investment ecosystem.”
Earlier this year, FE fundinfo acquired UK-based AI platform Lunar AI to bring AI-powered solutions to asset and wealth managers.
