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February 25, 2014updated 04 Apr 2017 2:28pm

Cordium snaps up Zodiac Advisory Services

Cordium, a UK-based provider of compliance consulting and software to the financial services industry, has acquired Maltese advisory and compliance consultancy Zodiac Advisory Services.

By Verdict Staff

Cordium, a UK-based provider of compliance consulting and software to the financial services industry, has acquired Maltese advisory and compliance consultancy Zodiac Advisory Services.

Zodiac, founded in 2009 by CEO Adam de Domenico, supports fund management firms as well as fund entities.

Post acuisition, staff and management at Zodiac will remain with the company in their current roles, with de Domenico continuing in his role as CEO, supported by David Galea Souchet as COO.

The acquisition is Cordium’s third in as many months, following the purchases of The Sigma Partnership and HedgeStart in December 2013 and January 2014 respectively.

Michel van Leeuwen, group CEO of Cordium, said: "Zodiac enjoys a sterling reputation in its local market – adding its team, services, and expertise to our own can only strengthen and deepen our global offering. It is also a perfect match for us in terms of establishing a Maltese presence.

"While the impact of AIFMD has been much-discussed within Europe, it has understandably drawn less attention elsewhere. Yet the regulation carries significant consequences for non-European alternative investment firms looking to access the lucrative European market. A Maltese base will enable us to offer a suitable solution – AIFM-hosting – to this conundrum facing non-EU firms."

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