Payoff Sold to Frankfurt
The platform Payoff, specializing in structured products, derivatives, and ETFs, is being sold to Lucht Probst Associates (LPA), a German company.
The change in ownership follows CEO Serge Nussbaumer’s move to Maverix Securities. LPA, a leading European provider of financial software and CapTech solutions, aims to strengthen its presence in the Swiss! financial market.
According to a company statement, LPA will expand its service portfolio in content, data, and analytics for issuers, distributors, asset managers, and fund providers. No financial details of the acquisition have been disclosed.
LPA is a leading European provider of financial software and CapTech solutions.
Author's summary: Payoff sold to LPA, a German company, expanding services.
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