Horus Wealth Management Partners Group acquires Finvex Group
Horus Wealth Management Partners Group (www.hpwmg.com) (‘Horus’) takes pleasure in announcing its acquisition of the Brussels-based company FINVEX GROUP NV/SA (www.finvex.com) (‘Finvex’). The transaction has consisted of Horus’ acquisition of the full issued and outstanding sharecapital in Finvex Group NV. The acquisition includes all of Finvex’s indices business and activities. It excludes the participation in Luxembourg-based Shelter Investment.
Horus is comprised of a group of companies with subsidiaries and operations in Malta, Geneva (Switzerland), and Singapore. An EU-licensed investment firm, Horus will open offices in Paris and Madrid before the year-end. Horus specialises in investment advisory services to both private and institutional investors. It harbours and develops in-house quantitative analysis in order to support its clientele through offering a range of investment platforms. Finvex designs robust financial investment strategies and indices for different types of investors. Particularly in view of Horus’ quantitative analysis capabilities, this acquisition symbolises a perfectly natural fit. Given the track-record, expertise and high market-reputation of Finvex, above all, the acquisition demonstrates Horus’ strong ambition to broaden its proposition which will now considerably benefit from the intra-group synergies.
Horus attaches great importance to expressing its appreciation for and confidence in the sophistication as well as the quality of the business of Finvex. Horus’ primary objective is to foster Finvex’s capabilities and business such that the seamless continuity is guaranteed. Added to this is Horus’ ambition to develop and expand Finvex’s products and services further. Horus has the objective to integrate the Finvex technology into its asset management mandates and to expand Finvex’s distribution capabilities globally. Horus is confident that this stands considerably to benefit from the increased horizons offered by the Group’s global footprint. Finvex stands greatly to profit from the different locations offered by its membership of the Horus Group. There will be new Finvex offices in Geneva and Singapore before the year-end. Horus’ drive to promote and expand Finvex’ business is equally reflected by the new appointments to the team and the additions to the managing board, as announced in the Q&A section below.
Horus confidently looks forward to continuing and promoting Finvex’s business. It is with great anticipation and pleasure that we look forward to our future contacts with all relationships of Finvex.
Q&A on key questions
1. Q: Will the names of any of the existing Finvex indices change?
A: Each of the existing Finvex indices will continue to exist under their exact same names, and they will be supported on a sustainable basis with a view to ensuring their continued long-term existence and success.
2. Q: Will the methodology of the existing Finvex indices change?
A: As all Finvex indices are formula-based and systematic, the new shareholding structure will have no impact whatsoever on the existing indices.
3. Q: Who is Horus Partners Wealth Management Group?
A: Horus is a group of investment firms with subsidiaries and operations in Malta, Geneva (Switzerland), and Singapore. The group specialises in investment advisory services to private and institutional investors. An EU-licensed investment firm in Malta, Horus will open offices in Paris and Madrid before the year-end. This, combined with the planned opening of Finvex offices in Geneva and Singapore (see Q4 below), goes to demonstrate that Finvex stands greatly to benefit from the enlarged footprint caused by its joining the Horus group.
4. Q: What does the Finvex acquisition mean for Horus and how does it fit into its strategy going forward?
A: Horus’ primary objective is to foster Finvex’s capabilities and business such that the seamless continuity is guaranteed. Added to this is Horus’ ambition to develop and expand Finvex’s products and services further. Horus has the objective to integrate the Finvex technology into its asset management mandates and to expand Finvex’s distribution capabilities globally. The expansion of the global distribution capabilities will be boosted by the opening of Finvex offices in Geneva and Singapore before the year-end.
5. Q: Will the Finvex brand disappear?
A: Among the key drivers behind the acquisition was the strong track-record, expertise and high market reputation of Finvex. There is no intention that the Finvex brand will disappear. Rather the contrary; it is the ambition to foster the brand and to develop and expand Finvex’s products and services further.
6. Q: Will Finvex continue to have a physical presence in Belgium?
A: It is the intention that Finvex will have its long term existence and success in Belgium. Finvex will remain a Belgian company. The firm’s principal offices will move to 5 Rue du Congrès, 1000 Brussels, entirely renovated offices at a class A location in Brussels this May. As indicated earlier, in addition the firm will profit from the largely expanded footprint resulting from its joining the Horus group.
7. Q: Who will be the new team and management at Finvex?
A: As the new CEO of Finvex, Ms Sarah Ablin will head Finvex from its Brussels office. Ms Ablin has held various senior positions with international financial firms. Ms Ablin is particularly knowledgeable and experienced in the field of quantitative analysis concerning indices. Prior to joining Finvex, she was in charge of the ETF department with Kepler Cheuvreux. Also added to the team, Mr Xavier Ducros will take up the role of head of products. Mr Ducros knows Finvex particularly well, as he was at the origin of the development between Finvex and Rabobank. Prior to joining Finvex, Mr Ducros was director with Novarca International. Finvex has resolved to put in place a managing board, the membership of which will be constituted as follows:
Mr André Rolland, currently member of the board and audit committee of AXA Belgium, previously CFO of Euroclear;
Mr Michel Gable, chartered accountant and CEO of MGA;
Mr Thierry Leger, attorney-at-law, registered at the Paris and Luxemburg bars; and
Mr Gilles Farrugia, CEO of Horus Partners Wealth Management Group SA.