PraxisIFM acquires stake in RiskCo Group

Posted: 18/10/2017

PraxisIFM is extending its pension servicing offering with the acquisition of a 50 per cent stake in RiskCo Group in the Netherlands.
 
RiskCo develops systems for complex modelling and administration for pension funds and life insurers in Europe, North America and Asia. As well as simplifying administration processes, RiskCo systems can deal with complex regulatory reporting and forecasting requirements.

Headquartered in Utrecht, it has 85 staff and offices in the Netherlands, Portugal, Philippines and the US. 

PraxisIFM is acquiring the 50 per cent stake by way of a share exchange and a subscription for new shares in RiskCo to provide additional finance to RiskCo to fund its growth.


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