Formidium Expands AI-Native Fund Administration in Europe with Acquisition of Ci Fund Services S.A.

Formidium, a fund administrator that describes itself as AI-native, has bought Ci Fund Services S.A., a Luxembourg provider of Private Label Fund solutions. The deal closed after approval from the Commission de Surveillance du Secteur Financier. It gives Formidium a base in Luxembourg, which the company says holds €9.1 trillion in fund assets.

Ci Fund Services' team will join Formidium's global operations and keep serving clients under current service terms. Clients will gain access to Formidium's ARYA, Seamless and CommonSubDoc tools. gunnercooke partners Dr Martin Liebi and Dr Matthias Döring advised Formidium on legal matters.