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Moventum S.C.A. attracts global financial investor

Luxembourg, 28 May 2021 – Moventum S.C.A., a Luxembourg-based financial services company, has acquired a global financial investor and significant technological support. The ProService Finteco Group, owned by the funds managed by Oaktree Capital Management and Cornerstone Partners, has become the strategic partner of Moventum. The Luxembourg financial regulator, the CSSF, has already given its required approval of the transaction.

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 shall ensure that 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 further guarantee 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 shall 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 PaweĊ‚ 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. 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/

Contact:

Moventum S.C.A.

12, rue Eugène Ruppert | L-2453 Luxembourg

Phone: +352 26154 200

Email: contact@moventum.lu | www.moventum.lu

 

ProService Finteco Sp. z o.o.

Emilia Zakrzewska

Marketing Director

Phone: +48 602 444 959

Email: Emilia.Zakrzewska@psat.pl| https://psfinteco.com

 

Press contact:

news & numbers GmbH | Bodo Scheffels

Phone: +49 178 4980733

Email: bodo.scheffels@news-and-numbers.de | www.news-and-numbers.de