Inversis, a Banca March subsidiary specialising in providing global solutions for institutional clients in the financial asset distribution business, has reached an agreement with BME, a SIX company, for the complete acquisition of Openfinance.
This firm offers technological tools for the provision of comprehensive reporting, advisory and discretionary portfolio management services, and has a presence in Spain, Andorra, Portugal, Mexico, Costa Rica, Panama, Colombia and Chile.
The purchase of Openfinance by Inversis implies the acquisition of the software, know-how and more than 20 years’ experience of the firm, which boasts a highly specialised team. The services provided by both companies will be fully and easily integrated.
Javier Hernani, CEO of BME and Head of Securities Services at SIX said:
“Openfinance has been part of BME for the last 10 years and we are very pleased with its track record and international expansion in Latin America. As part of SIX’s ongoing business evaluation and growth strategies, we will continue to analyse business opportunities and invest in the market infrastructure value chain”.
