Aquiline Completes Acquisition of Archway to Boost Innovation
Aquiline Completes Acquisition of Archway
Aquiline, a private investment firm specializing in financial services and technology, has officially closed its acquisition of SEI's Family Office Services business, which will now operate under the original name, Archway. This strategic move marks an exciting opportunity for both Aquiline and Archway to enhance their offerings and expand their market presence.
Enhancing Investment and Product Offerings
Following a robust growth trajectory during its time under SEI, Aquiline is prepared to support Archway with significant new investments aimed at improving product offerings and enhancing the overall customer experience. Such investment is crucial in reinforcing their service capabilities in a competitive market.
Leadership Appointments at Archway
As part of this transition, Archway has announced the appointment of key executives to lead the newly independent company. Anthony Abenante has been selected as the new CEO, bringing with him a wealth of industry experience. Previously, Abenante served as Global Head of Equities at Credit Suisse and has held pivotal roles that helped advance trading capabilities across various markets.
Expressing his enthusiasm, Abenante stated, "Archway is positioned uniquely at the intersection of fintech, data, and service. I am eager to collaborate with our talented team and Aquiline to enhance our platform's capabilities and services, ensuring we meet the growing demands of the family office and private wealth sectors."
A New Chapter for Archway
Steve Meyer joins Archway as the Chairman of the Board. Having witnessed significant developments during Archway's journey under SEI, Meyer remarked, "Being part of this new chapter is incredibly exciting. Archway operates in a dynamic segment of the wealth management market, where the need for institutional-grade services continues to grow." His leadership will be pivotal in driving Archway's vision forward.
Innovative Solutions for Family Offices
Archway provides comprehensive solutions tailored to family offices, private banks, and wealth advisors. Its powerful accounting software platform is complemented by investment reporting and fund administration services, ensuring clients receive the best possible support in managing their wealth.
Vincenzo La Ruffa, Managing Partner of Aquiline, emphasized the importance of Archway's platform in servicing family offices, a market characterized by increasing complexity. He shared, "The challenges in investment portfolios and generational shifts necessitate robust solutions. We are excited to partner with Anthony and the team to accelerate Archway's growth, both organically and through strategic acquisitions."
Future Opportunities and Strategic Growth
Nick Seibert, Principal at Aquiline, highlighted their intention to leverage their extensive experience in wealth management. He noted, "Aquiline has a strong track record with other platforms. Our partnership with Archway aims to expand its client base and optimize its service offerings through innovative strategies."
With Aquiline's guidance and investment, Archway is set to enter a new phase of growth, focusing on product innovation, strengthening client partnerships, and broadening its market reach. The company aims to enhance its service capabilities and develop new solutions to meet the ever-evolving needs of family offices and other complex wealth enterprises.
About Aquiline
Aquiline Capital Partners LP is a dedicated investment firm specializing in financial services and technology, with bases in New York, London, and Philadelphia. As of recent reports, Aquiline manages approximately $12 billion in assets and has effectively deployed around $7.4 billion across its varied investment strategies, including private equity, venture capital, and credit.
Frequently Asked Questions
What is the significance of Aquiline's acquisition of Archway?
This acquisition allows Aquiline to invest in Archway, enhancing its product offerings and customer experience.
Who will lead Archway following its independence?
Anthony Abenante has been appointed as the new CEO of Archway.
What services does Archway offer?
Archway provides solutions to family offices, private banks, and wealth advisors, including accounting software and fund administration.
How is Aquiline supporting Archway?
Aquiline is providing substantial investment to enhance Archway’s platform capabilities and client services.
What is Aquiline's overall investment approach?
Aquiline focuses on financial services and technology, managing significant assets with strategies in private equity, venture, and credit.
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