fundeye

Candriam buys a stake in IZNES to bolster fund distribution platform

News Team, 18/05/2021

IZNES was founded in 2017 by a consortium of French asset management companies. The addition of Candriam is hoped to enable IZNES to extend its reach to international markets.

Having contributed to the project for more than two years, Candriam is consolidating its commitment to developing the platform towards optimising transaction costs and processes, both in France and Luxembourg.

A pan-European investment platform, with integrated blockchain technology, IZNES looks to offers a solution which is both simple and secure from initial introduction to registration. The platform is now being deployed internationally.

Since its operational launch in March 2019, this asset service integrated solution has enabled nearly €20 billion of transactions to be processed as at end of April 2021.

Fabrice CUCHET, COO of Candriam said: “By purchasing a stake in IZNES, Candriam has underscored its determination to invest in cutting-edge technologies and new operational solutions that will benefit our clients. We are also thrilled to contribute to the development of innovative solutions offered by IZNES and to support a French fintech with a promising international future."

Christophe Lepitre, CEO of IZNES added: “I am delighted to welcome Candriam as a new IZNES shareholder. The group boasts solid experience in portfolio management and international fund distribution, and its expertise will prove invaluable for our development outside France."

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