HSBC Asset Management-backed Quantifeed completed the acquisition of ALPIMA.

HSBC Asset Management-backed Quantifeed, a digital wealth management solutions provider, completed the acquisition of ALPIMA, an operator of a front-office platform intended to offer investment advisory services. Financial terms were not disclosed. "Quantifeed and ALPIMA complement each other and create a stronger platform. The new entity will see a robust and talented team distributed across the regions we operate and a strong client base with leading institutions across Asia, EMEA and the Americas. The combined platform has a strategic and experienced investor base who are providing growth capital to accelerate market adoption globally," ALPIMA.