Congratulations to KB Associates, the leading professional services firm advising investment funds and asset managers, who have just announced the completion of its acquisition of EFG Fund Management S.A, a Luxembourg-based management company and subsidiary of EFG International AG, the Swiss Private Banking Group (“EFG”). The transaction was agreed in February 2021 and has now completed after receiving 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, Malta and now Luxembourg. KBA has over 80 consultants and works with over 250 asset management firms, including some of the world’s largest managers.
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. The acquisition of the EFG management company gives KBA the ability to support its clients in each of the major jurisdictions where they have established investment funds: Cayman Islands, Ireland and Luxembourg.
Mike Kirby, Managing Principal at KBA, noted that EFG is a longstanding client of the firm and of KBA’s management company in Ireland. Mr. Kirby stated that “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.”