Moventum acquired by fund provider Atlantic
Moventum, the Luxembourg platform company, has been taken over by independent fund services provider Atlantic Fund Services to enable it to become a “direct fund distributor”.
Moventum, the Luxembourg platform company, has been taken over by independent fund services provider Atlantic Fund Services to enable it to become a “direct fund distributor”.
John Pauly, who has headed up the Luxembourg-based Moventum platform company as chief executive for the past 11 years, has resigned, to become managing director of a subsidiary of Luxembourgs Banque Degroof.
New rules that would oblige investment funds domiciled outside of the UK to provide clean share classes to the British market if they wish to continue to market there after January 2014 are attracting growing concern from cross-border asset managers.