AKJt acquires RiskCap
AKJt Holdings Limited (AKJt), an affiliate of AK Jenson Group (AKJ), a provider of turnkey trading and infrastructure solutions for fund managers, has acquired RiskCap Ltd.
RiskCap was formed in 2013 and offers services including governance, risk management, and regulatory and AML/CFT compliance. Clients include electronic money institutions and payment institutions, MiFID firms, insurance firms and funds with a collective EUR5 billion in assets under management. The transaction, which is subject to regulatory approval, will allow AKJ and AKJt to expand its product suite by integrating RiskCap’s expertise into existing full-service solutions for funds trading in both traditional and digital assets.
Neal Mitra, CEO, says: “We welcome RiskCap into the AKJ hedge fund ecosystem and look forward to working with their team on delivering excellent client service and new product opportunities. We plan to incorporate new technologies and expand our business model within GRC (governance, risk and compliance), building upon RiskCap’s accomplishments to date and standing as a market leader.”
Paul Magro, Co-founder and Managing Director of RiskCap, says: “We are thrilled to be partnering with AKJ. RiskCap was started with a focus on providing institutions with state-of-the-art client support, and this relationship will now allow us to significantly expand the scope of what we can offer.”