Irish funds services firm Carne to buy WTW unit

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., 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.“Carne’s ultimate goal is to unite the industry’s investors and distributors with their asset managers resulting in faster deployment of investment capital,” said, chief executive of Carne.

In addition, its flagship CORR platform is used by asset managers to help oversee $2 trillion in assets.

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