“Deloitte and Alto have a well-established relationship, collaborating on several ongoing consulting projects. As such, we anticipate a smooth integration that will not only quickly strengthen our existing service offerings, but also our capacity for the client-centric innovation we are known for,” said Xavier Zaegel, investment management leader at Deloitte Luxembourg, commenting on the big four firm’s recent acquisition of Alto Advisory’s fintech practice. Photo: Deloitte Luxembourg

“Deloitte and Alto have a well-established relationship, collaborating on several ongoing consulting projects. As such, we anticipate a smooth integration that will not only quickly strengthen our existing service offerings, but also our capacity for the client-centric innovation we are known for,” said Xavier Zaegel, investment management leader at Deloitte Luxembourg, commenting on the big four firm’s recent acquisition of Alto Advisory’s fintech practice. Photo: Deloitte Luxembourg

Deloitte Luxembourg has enhanced its asset management services and broadened its fund oversight software capabilities by acquiring Alto Advisory’s fintech practice, a move announced in a joint statement on 8 January 2024.

Deloitte Luxembourg recently acquired Alto Advisory’s fintech practice, a move that has strengthened its position in Luxembourg’s asset management industry, stated the big four firm in a press release on Monday. The acquisition, effective from 1 January 2024, includes a comprehensive suite of fintech solutions, the team responsible for them and their related business.

Yoann Jagoury, the founder and former CEO of Alto, who has joined Deloitte Luxembourg, remarked in the announcement that this development is advantageous for clients and the team. He highlighted that the platform provided by Deloitte would expedite the growth of their suite for depositaries, management companies and other fund service providers. According to Jagoury, this integration is expected to yield increased efficiency and reduced risks through innovative and proven digital solutions.

Alto, established in 2009, has been assisting clients with fund oversight activities, initially focusing on Ucits funds. The company expanded its services to include AIF schemes, in response to the growth of alternative assets in the asset management industry.

Since its inception, Alto has implemented its fund oversight software for several players in the market, servicing over 10,000 sub-funds and 10 fund domiciles under the Ucits and AIFMD regulation.

Xavier Zaegel, investment management leader at Deloitte Luxembourg, stated that the existing relationship between Deloitte and Alto, which includes collaboration on various consulting projects, is expected to facilitate a seamless integration.

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