Mergers & acquisitions

Oak buys IAG

Oak, a new private client, corporate services and fund administration group, has acquired International Administration Group (IAG). Founded in 2000 by Mark Woodall and Alison Simpson, IAG is a specialist fund administration business headquartered in Guernsey with a team of 43 people. IAG delivers...
Credit Agricole and Santander join custody forces

French bank Credit Agricole and Spain's Santander say they have signed a Memorandum of Understanding to join forces and combine their custody and asset servicing operations. Crédit Agricole and Santander will hold 69.5 percent and 30.5 percent respectively of the combined entity that will keep the...
MFEX completes RBC I&TS partnership arrangements

Global fund distributor MFEX says it has reinforced its international presence with the acquisition of the RBC I&TS global fund platform, the signing of which agreement was announced in November 2018. MFEX and RBC I&TS envisage being long-term partners for the future distribution of funds. MFEX says...

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