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KB Associates acquires EFG Fund Management

Nicholas Earl, 04/08/2021

KB Associates (KBA) has acquired EFG Fund Management (EFG), a Luxembourg-based company and subsidiary of Swiss private banking group EFG International.

The transaction was agreed in February and has been completed after receiving regulatory clearance.

KBA specialises in the provision of management company, governance, and compliance services to investment funds and asset management. The firm’s specialist professional services model has helped drive growth in recent years, as asset managers have needed to respond to an increasingly complex regulatory environment by appointing external parties to provide expert advice.

The acquisition of EFG’s management company will provide KBA with the capability to support its clients in each of the major jurisdictions they have established investment funds: Cayman Islands, Ireland and Luxembourg.

Founded in 2003, the Dublin-headquartered now has offices in London, Cayman Islands, Malta and Luxembourg.

Mike Kirby, managing principal at KBA said: “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 the multi-jurisdictional capabilities needed to fully support the evolving needs of our clients in the jurisdictions where they have investment products.”

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