Irish funds services firm Carne to buy WTW unit

Deal sees investment platform take ‘minority stake’ in Dublin firm

Business, Financial Services

25/01/2022 14:07:00

Irish funds services firm Carne to buy WTW unit via IrishTimesBiz

Deal sees investment platform take ‘minority stake’ in Dublin firm

Group, a Dublin-based provider of technology solutions to the global funds industry, has agreed to buy an institutional investment platform from WTW, formerly Willis Towers Watson.The deal will see WTW take a “minority stake” of an undisclosed size or value in Carne, subject to regulatory approvals.

The business being acquired, called theAsset Management Exchange(AMX), connects investors, asset managers and service partners so they can transact and interact all in one place through its institutional funds platform. It was established in 2017.Carne said that AMX’s “ecosystem and investor relationships” will complement its service offering which includes third-party management company, due diligence, distribution and technology platforms.

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