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Germany's Universal-Investment enters Irish ManCo market


Germany s Universal-Investment enters Irish ManCo market
Dec 17, 2020 By Funds Europe
German fund administrator Universal-Investment Group has acquired management company Metzler Ireland in a move to enter the Irish funds market, which is a beneficiary of growth in the provision of ‘ManCo’ services. The terms of the deal were not disclosed.
The acquisition, which is still subject to regulatory approval, sees Universal-Investment creating a third servicing hub after Germany and Luxembourg.
Universal-Investment and Metzler already have a large number of common clients for which they act as administrator and asset manager, respectively, and intend to cooperate on Irish fund launches.
Universal-Investment had already taken over the fund pricing and legal reporting for around 300 mutual and institutional funds launched by Metzler Asset Management in Germany and Ireland with a volume totalling over €56 billion. ....

Michael Reinhard , Gerhard Wiesheu , Sohn Co , Investment Group , Metzler Ireland , Universal Investment Group , Metzler Asset Management , Metzler Ireland Limited , மைக்கேல் ரீன்ஹார்ட் , சோன் இணை , முதலீடு குழு , மெத்ஜ்லேர் ஐயர்ல்யாஂட் , உலகளாவிய முதலீடு குழு , மெத்ஜ்லேர் சொத்து மேலாண்மை , மெத்ஜ்லேர் ஐயர்ல்யாஂட் வரையறுக்கப்பட்டவை ,