Comit, a subsidiary of Swisscom, a telecom and technology firm, has agreed to acquire International Financial Business Solutions (IFBS) and FINACE, IFBS's securities lending, repo, and over the counter (OTC) derivatives collateral management suite. The price of the acquisition has not yet been disclosed.
FINACE supports securities lending, repo, synthetics, and OTC derivatives collateral management, enabling customers to adapt an integrated approach and organisational view of business operations.
Felix Oegerli, Chief Executive Officer of IFBS, commented: "Through our acquisition by Comit, we are able to access a more powerful distribution system, are closer to our clients...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
