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Hong Kong wealth management start-up Quantifeed buys UK fintech firm to create platform to manage US$20bn of assets
- Quantifeed, backed by HSBC and Franklin Templeton, has bought Alpima, a London-based portfolio construction fintech company
- With the acquisition, Quantifeed plans to expand its presence in global markets, including Europe, Middle East and the Americas
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Quantifeed, a Hong Kong wealth management start-up backed by HSBC and Franklin Templeton, said it has bought Alpima, a London-based portfolio construction fintech company.
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The deal will create a platform used to manage more than US$20 billion worth of assets, a spokesman for Quantifeed said.
With the acquisition, Quantifeed plans to expand its presence in global markets, including Europe, Middle East and the Americas, it said in a statement on Tuesday.
“We are very excited about bringing together two hugely talented teams of financial engineers to create a world-class technology platform,” said Alex Ypsilanti, co-founder and CEO of Quantifeed, in the statement.
Together the companies will provide “unparalleled capability” across a portfolio that includes construction, risk analytics, order management, monitoring and reporting, the group said.
“This is a significant milestone for us, we are delighted to join the Quantifeed family and combine our leading technology to create a global platform,” said Rafael Febres-Cordero, executive chair of Alpima.
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