ProService Finteco Group is a leading company in its field, operating as a transfer agent offering settlement, fund valuation, and corporate accounting with the accompanying IT technologies and solutions. The company has over 170 institutional clients managing over 5,500 funds valued at more than 25 billion euros. It carries out over 20 million transactions annually.
„With ProService Finteco we can count on significant investments in Moventum’s technology supporting our digitalization and automation projects. Our customers will thus get new, attractive products combining technological sophistication with customer friendliness,“ says Sabine Said, Executive Vice President of Moventum S.C.A. „Thanks to this, we will ensure our digital offering will be of top-class quality. The high level of competency of both companies‘ employees and the development of tailor-made services will be an additional guarantee of outstanding client service.“
Andrzej Klesyk, Managing Partner at Cornerstone Partners, who supervised the transaction, adds: „The acquisition of Moventum is a milestone in the development of ProService Finteco – from now on we shall become a player of a completely different class. We are entering a challenging, highly developed financial market, and the approvals from very demanding regulatory authorities are the best proof. It is a big responsibility, but also a great opportunity. We shalll definitely not waste it.“
After the merger, the value of assets under management will exceed 30 billion euros.
„Our strategic cooperation means that Moventum can rely on substantial investments in the development of its business model, and thus on further, uninterrupted growth,“ says Paweł Sujecki, President of the Management Board at ProService Finteco Group. „ProService Finteco, on the other hand, will significantly increase the scope of its activities in other countries.“
About ProService Finteco:
ProService Finteco Sp. z o.o., which includes MakeItRight and Turbine Analytics, is a leading provider of transfer agent, accounting and fund valuation, and corporate accounting services. The company also provides IT solutions, technologies, and managed services for financial institutions in Poland and elsewhere. ProService Finteco’s goal is to offer its clients professional, tailor-made solutions, business applications, and outsourcing services. ProService Finteco works mainly with investment funds, pension funds, insurance companies, and banks, supporting key processes of handling financial products, services, and customer service.
For more information: https://psfinteco.com/en/
As an independent financial service partner, Moventum S.C.A. has been providing a home for financial service providers such as advisors and asset managers as well as institutional clients from all over the world for more than 20 years. The digital “MoventumOffice” platform offers access to more than 10,000 funds, ETFs and other securities. In addition, it allows financial advisors to open securities accounts for their clients, to place trading orders and to use analysis, reporting and support tools. Institutional clients are able to outsource their entire fund trading with complementary services to Moventum as part of collective or individual custody account management. A variety of fund services are assumed for asset managers, ranging from registrar and transfer agent services to fund accounting, company administration and domiciliation services.
Moventum Asset Management S.A. (Moventum AM) is a wholly owned subsidiary of Moventum S.C.A. Since 2019 Moventum AM manages Moventum’s own funds of funds and individual mandates as part of its asset management portfolios.
For more information: https://www.moventum.lu
Moventum S.C.A
12, rue Eugène Ruppert
L2453 Luxembourg
Telefon: +352 (26154) 200
http://www.moventum.lu
Marketing Director
Telefon: +48 (602) 444-959
E-Mail: Emilia.Zakrzewska@psat.pl
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