London Stock Exchange Group (LSEG) is to acquire Quantile Group Ltd, a provider of portfolio optimisation services for the global financial markets.
As part of LSEG, Quantile will operate as a standalone entity within the Post Trade division, reporting to Daniel Maguire, LSEG’s Group Head of Post Trade. Quantile will continue to be led by its CEO and co-founder, Andrew Williams.
In January 2021, Quantile received USD51 million in growth investment from Spectrum Equity, a growth equity firm focused on internet-enabled software and information services companies.
