FinEx said the acquisition will provide the necessary scale to underpin its planned expansion into Asia.
Dexia AM, the subsidiary of Brussels-based banking group Dexia SA, is based out of four international centres – Brussels, Paris, Luxembourg and Sydney.
The group, which has €72.7bn AUM and covers the full spectrum of asset classes, including hedge funds, private equity and ETFs and lists its products across London, Irish and Moscow stock exchanges.
FinEx describes itself as “the next generation of asset manager”, with its website stating it combines “the innovation, responsiveness and client focus of a boutique investment house with the processes, systems and technology of a blue chip investment bank.”
FinEx Capital Management managing partner and CEO Simon Luhr said: “We have been following the Dexia situation for some time and have decided to enter an offer to acquire Dexia. The business offers us a platform that is the right size and product mix for us and it will allow us to continue to grow our business.”