KB Associates (KBA), a professional services firm advising investment funds and asset managers, is to acquire EFG Fund Management SA, a Luxembourg-based management company and subsidiary of EFG International AG, the Swiss Private Banking Group.
KB Associates (KBA), a professional services firm advising investment funds and asset managers, is to acquire EFG Fund Management SA, a Luxembourg-based management company and subsidiary of EFG International AG, the Swiss Private Banking Group.
The transaction is subject to regulatory clearance.
KBA specialises in the provision of management company, governance and compliance services to investment funds and asset managers. Founded in 2003, Dublin-headquartered KBA also has offices in London, Cayman Islands and Malta. KBA has over 70 consultants, works with over 250 asset management firms, including some of the world’s largest managers, and supports investment funds with assets under management in excess of EUR250 billion.
KBA’s specialist professional services model has helped drive growth in recent years as asset management firms have responded to an increasingly complex regulatory environment by appointing the firm to provide expert advice. In particular KBA’s management company in Ireland has seen significant growth.
Mike Kirby, Managing Principal at KBA, noted that EFG is a longstanding client of the firm and of KBA’s management company in Ireland. Kirby says: “The opportunity to acquire EFG’s ManCo in Luxembourg allows us to deepen our relationship with EFG, by servicing their funds in Luxembourg, while simultaneously providing us with a management company capability in a jurisdiction that is important to many of our existing clients.”
