The Luxembourg branch will play a key role in Inversis’ global strategy, allowing it to expand the range of services provided to institutional clients through its Spanish offices out of Luxembourg, and acting as a business hub for its international clients.
Euroclear acquires strategic stake in Inversis to accelerate the Spanish company’s global expansion.
Inversis' Luxembourg branch starts operations with a portfolio of almost EUR 3 billion in its depository services.
Inversis expands its range of global solutions for financial institutions, thus furthering its strategy of offering 360º services to its institutional clients, with the acquisition of Openfinance (a subsidiary of BME, SIX Group), a technology platform for discretionary portfolio management and advice.
The terms of the agreement include the purchase of the depository business, with a portfolio of AuD of 3,000 million euros, as well as the transfer of the team connected to this activity.