The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Carne Group, Japan Fund Management (Luxembourg)
Carne Group, a European third-party management company – “ManCo – has completed the acquisition of Japan Fund Management (Luxembourg) SA. The move brings JFML into Carne Global Fund Managers (Luxembourg) SA.

All assets and liabilities of JFML have been transferred to CGFML, which will officially assume the role of management company and Alternative Investment Fund Manager (AIFM).

JFML, which managed about $5 billion, supported the overseas investment of Mizuho’s Japanese institutional clients. 

The acquisition began on 30 June after regulatory approvals were granted, and operational systems put in alignment, but financial terms were not disclosed.

Carne said the deal will widen its Asian footprint.

"This milestone reflects the growing trend across the funds industry to partner with large-scale ManCos that bring both local expertise and global infrastructure," John Donohoe, CEO of Carne Group said. "We’re proud to play a leading role in this evolution as managers seek efficiency, resilience, and the ability to scale across borders."

Founded in 2004, Carne works with about 650 clients, from boutique firms to most of the world’s 20 largest fund managers – supporting funds distributed in over 160 countries and overseeing more than $2 trillion assets under management.