European financial services company Kepler Cheuvreux has acquired a majority stake in Trackinsight, a global ETF selection and analysis platform, according to a Sept. 17 news release.
While Kepler Cheuvreux has become Trackinsight’s majority shareholder, the Trackinsight brand will be maintained and the platform will continue to operate independently, retaining its current teams, Kepler Cheuvreux said in a news release.
Deputy CEO Jean-Pierre Ané, in charge of business development at Kepler Cheuvreux, in comments emailed via a spokesperson, declined to disclose financial terms but said the deal closed in mid-July.
“Kepler Cheuvreux was already the leading independent European ETF execution provider; we aim to go even further by supporting our clients across the entire value chain, from selection to transaction,” Ané said in the release. “This acquisition strengthens Kepler Cheuvreux's position as a key player in financial services.”
Paris-based Kepler Cheuvreux specializes in research, execution, fixed income and credit, structured solutions, corporate finance and asset management, according to the release. It has about 600 employees and serves 1,300 institutional clients, the release said.
The ecosystem serving the needs of ETF investors “is built around four key pillars,” Ané added in his emailed comments. He cited data that is owned and of high quality, analysis to facilitate comparison of underlying assets, research to provide allocation insights, and, ultimately, execution.
“We were primarily focused on the latter stages of this ecosystem, while Trackinsight was concentrated on the early stages,” Ané said. “Both of us aimed to expand in advisory and research, making this partnership a natural fit.”
Biot, France-based Trackinsight has a proprietary ETF database, and its services include supporting the analysis and selection of ETFs for institutional investors, according to the release. The Trackinsight team consists of 30 staff members located in Europe and North America. It serves 50 institutional clients, including two of the world’s largest private banks, the release said.
"We are delighted to join forces with a leading partner like Kepler Cheuvreux to embark on the next stage of our development,” said Philippe Malaise, CEO and chair of Trackinsight, in the release.
