Frankfurt/Main and Luxembourg, April 12, 2022. Universal Investment Group and the shareholders of European Fund Administration (EFA) – Banque de Luxembourg, Banque et Caisse d'Épargne de l'État, Oddo BHF, Quintet Private Bank (Europe) S.A. – today jointly announce that they have entered into an agreement for the acquisition of EFA by Universal Investment Group. The transaction is subject to regulatory clearance by the Luxembourg financial authority CSSF and is expected to be completed in the second half of 2022.

  • Combined assets under administration of more than EUR 900 billion in over 7,000 investment funds and segregated mandates
  • Partnering with EFA is another milestone to reach the ambition of becoming the leading European investor services platform and Super ManCo
  • Jointly, both companies want to significantly develop geographical regions like the Nordics, France and Benelux.

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