On Wednesday, it was announced that FE fundinfo had acquired Zenith, which will bring together two of the biggest fund data and research providers in Europe and the APAC region.
FE fundinfo chief executive Hamish Purdey said factors such as the growth in ESG investing, increasing regulation and the development of new technology reflect a need for advisers and asset managers to have the access to the best data, ratings and research.
“Zenith Group holds an enviable reputation in Australia, not only for the quality of both their research and consulting services, but also for their impressive technology and data capabilities,” he said.
“Combined with our own leading expertise, data, technology and ratings services, we will be able to further support and meet the needs of the global investment industry and deliver new and even more innovative solutions for our clients.”
Established 20 years ago, Zenith currently manages over $3 billion in assets for advisers on behalf of clients.
Zenith Group CEO David Wright said the acquisition presents a “really exciting opportunity” for the company more broadly.
“Management are in agreement that there’s excellent alignment of values and purpose across the two organisations, and a belief that, together, we can create a really compelling, premium service for advisers, fund managers, super funds and institutional clients.”
The news comes after FE fundinfo also completed the acquisitions of ESG specialists CSSP at the end of 2020 as well as tech company FundConnect and cashflow planning provider CashCalc this year.