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New Majority Shareholder for Arkus Financial Services

New Majority Shareholder for Arkus Financial Services

Arkus Financial Services S.A., Luxembourg (Arkus) is pleased to announce that the Swiss Profidata Group AG (Profidata) has entered into an agreement with Independent Risk Monitoring Ltd, the London parent company of Arkus, to become its majority shareholder, subject to the regulator’s approval.

Arkus is a “Risk As A Service” provider of portfolio monitoring solutions for the asset management industry. Profidata Group is a Swiss provider of investment and wealth management software solutions and services for the financial industry, headquartered in Zurich with subsidiaries and representative offices in Frankfurt a.M., Saarbrücken, Luxembourg, London and Singapore.

Arkus will expand its current services range and further develop its risk monitoring solutions for Private Equity and Real Estate funds in cooperation with Profidata and its development teams.

Arkus will continue to operate under the Arkus brand and extend its current joint venture initiatives in Paris with Rsquare and in Dublin with Bridge Consulting Ltd.

"Profidata brings outstanding experience in the investment solutions market as well as significant competence in IT development to Luxembourg. Arkus together with Profidata will extend their product offering and market presence in Europe. I am delighted that Arkus and Profidata will together form a strong partnership", said Mr. Yves de Naurois, Chairman of the Board of Arkus and IRML.

Yves de Naurois

IRML

Chairman of the Board

Christian Widmer

Profidata Group

Chairman of the Board