Quantifeed, a Hong Kong-based Fintech Company, is Close to Acquiring Alpima

Quantifeed, a Hong Kong-based fintech firm, has acquired UK peer Alpima in a move that boosts its global footprint and product offerings. The acquisition is backed by HSBC Holdings Plc’s asset management arm and will help Quantifeed expand its reach and product offerings.

The new business will provide a full range of portfolio management services, including construction, personalization, visualization, risk analytics, order management and trading. This will create a platform that can be used to manage more than $20 billion in assets, according to sources familiar with the matter.

"This is a transformative deal for us," said Quantifeed Co-Founder and Chief Executive Officer Alex Ypsilanti in an interview. "The combined entity creates a truly global platform, offering our clients a comprehensive set of services in portfolio management."

Bloomberg LP, the parent company of Bloomberg News, provides buy side solutions through the Bloomberg Terminal. The Terminal is a comprehensive platform that helps users make informed investment decisions. It provides real-time data, news, analytics, and other tools that allow users to make informed decisions.

Quantifeed is a fintech company that provides technology solutions for wealth management platforms. The company was founded by former banking executives with experience at Morgan Stanley, Bank of America Corp. and Deutsche Bank AG. Quantifeed's technology powers wealth management platforms for some of the biggest banks in Asia, including Singapore-based DBS Group Holdings Ltd. and Japan's Mitsubishi UFJ Financial Group Inc.

Earlier this year, HSBC's asset management arm announced a series C funding round. Other investors include Franklin Templeton, Lun Partners and Daiwa PI Partners.

Alpima's portfolio construction platform is used by banks, asset managers, wealth managers and consultants in Europe, the Middle East and Africa, and North America. Its clients include Banco Bilbao Vizcaya Argentaria SA in Spain, Natixis SA's asset management unit, and Julius Baer Group Ltd.