Allfunds has announced the acquisition of Finametrix, a leading company in fintech solutions for asset management and advice. Thanks to this acquisition it is expected to benefit Allfunds ́ extensive network of institutional clients, including managers and distributors, becoming the ideal partner for the technological revolution facing the sector. Additionally , Finametrix, as part of Allfunds, is expected to benefit from the international scale and structure of a global and consolida ted entity.

Following this new agreement , both companies will offer their services jointly but with complete independence, without the agreement affecting any services or clients that currently use both service platforms separately. This alliance strengthens the great service offering of both companies: versatility and flexibility. Allfunds will continue offering global solutions compatible with all types of te chnology providers, while Finametrix will continue to be compatible with the rest of the operating platforms in the market.

Salvador Mas, the head of Finametrix, said, "Finametrix is a developing entity and is proving very exciting, and from now on it will be even more so. We are very happy to be able to provide continuity and scale with a company that we have admi red for many years, Allfunds. The technological challenges in the sector are so great and t here are so many opportunities that we could not dream of being in a better position to add value to ou r clients.

CEO of Allfunds, Juan Alcaraz , said , "This acquisition is part of the ambitiou s strategic plan that has a renewed momentum on the part of our new shareholders and that aims to consoli date our business as the platform of reference in open architecture sol utions. We are enhancing our offering with the most innovative technology, front - office digital solutions, big data , and tools that help our clients to lead the change that is taking place in the sector. This is just one more stage in a process of transformation in our business by i ncluding tested Finametrix solution s which will undoubtedly help our customers from today, when and where they ne ed it most . We want to give a strong welcome to Salvador and his team, and we encourage all our customers to know in greater detail the great company that is Finametrix and its digital solutions. "

Salvador Mas will assume the position o f Head of Digital, leading a new area within Allfunds , focused on the definition and development of new digital produc ts and services. According to :

* ‘European Fund Distribution: Leading Platforms , ’ Platforum, March 2017

About Allfunds

Allfunds Bank Group offers integrated fund solutions (operational, analysis and information). Created in 2000, today Allfunds Bank has more than € 365 Billion assets under administration and offers more than 57,000 funds from over 1,200 fund managers. Allfunds Bank Group has a local presence in Luxembourg, Switzerland, United Kingdom, Spain, Italy, U nited A rab E mirates , Singapore, Chile, and Colombia and has more than 592 institutional clients, including major commercial banks, private banks, insurance companies, pension funds, fund managers, financial supermarkets, international brokers, and specialist firms from 41 different countries.

About Finametrix

Finametrix offers fintech solutions to wealth and asset management companies. Created in 2014, with 3 7 FTE and more than 40 financial institutions are already using Finametrix fintech solutions to provide to their bankers, advisors and final customers with the most usable and tran sparent solutions, in areas such as customer onboarding, reporting, advisory or portfolio management. At the same time, Finametrix technology is also a regtech solution for companies to fulfill their increasingly needs of legal compliance in areas such as MiFID2 or KYC, where innovation plays an essential role.

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