Global fund data and technology company FE Fundinfo has acquired Zenith Group, a research, ratings, managed accounts and adviser technology provider in the Asia Pacific region.
The financial terms of the deal were not disclosed.
The deal also includes Zenith Investment Partners and Chant West. It will bring together two fund data and research providers in Europe and the Apac region.
Zenith Group was founded 20 years ago and, in that time, has grown to support financial advisers with research ratings on over 1,000 investment and superannuation products and more than 150 investment portfolio solutions.
Hamish Purdey, chief executive at FE Fundinfo, said: “As factors such as increasing regulation, the growth in ESG investing and the development of new technology all continue to revolutionise the global funds industry, there is a greater need than ever for advisers and asset managers to have access to the very best data, ratings and research to allow their clients to make the most of the opportunities in this new landscape.
“Zenith Group holds an enviable reputation in Australia; not only for the quality of both their research and consulting services, but also for their impressive technology and data capabilities. Combined with our own expertise, data, technology and ratings services, we will be able to further support and meet the needs of the global investment industry and deliver new and even more innovative solutions for our clients.”
Globally, FE fundinfo has a headcount of 838 and operations in Australia, the UK, France, Germany, Switzerland, Luxembourg, Denmark, Italy, Spain, Czech Republic, India, Hong Kong and Singapore.