Press release, December 9, 2019
Torben Brandt Munch appointed new CEO of MFEX
The board of MFEX, a leading independent fund distributor, has appointed Torben Brandt Munch as new CEO of MFEX effective January 1, 2020. Torben Brandt Munch will be succeeding Co-CEOs Oliver Lagerström and Olivier Huby, both founders, who will remain with the company as shareholders, and members of the board, to contribute to the growth of the company by focusing on new product offering and strengthening strategic client and partner relationships.
Oliver Lagerström and Olivier Huby comment:"We believe that the time for a change of leadership is right. Over the past two years, MFEX has grown from 70 to 260 Billion Euros in assets by way of several strategic acquisitions, partnerships and organic growth. MFEX is now one of the largest distribution platforms with over 1200 clients - distributors and fund companies in 50 countries on the 5 continents.“
Torben Brandt Munch has a proven track record for developing and integrating businesses in an international environment. His most recent CEO assignment was with Itiviti Group AB, a provider of trading technology solutions to the financial services industry.
MFEX will continue its focus on excellent customer service and on developing innovative value-adding services for both distributors and fund companies.
Adrian von Hammerstein, Chairman of the board, comments:
“MFEX has reached a very strong position in the European and Asian markets. This is a truly remarkable achievement, for which MFEX is widely admired in the industry.
The board is very pleased to welcome Torben as the new CEO and have him lead the company in the next phase of growth.”
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MFEX, independent experts in global fund distribution, offers a complete solution for fund distribution with 260 Billion EUR in assets under administration. Banks and other distributors of funds use MFEX to access the world's largest fund offering with trading, rebates and fund information from over 960 fund companies and 72 000 funds with which MFEX cooperates. MFEX is independent with full transparency between distributors and fund companies. MFEX is active in 50 countries across 5 continents with its head office in Stockholm and offices in Paris, Geneva, Kuala Lumpur, London, Luxembourg, Madrid, Milan, Singapore, and Umeå.