LONDON--Union Investment, a Frankfurt, Germany-based asset manager, is taking Brainpower's Netxceed infrastructure. In addition, Brainpower's technology is in trials with two firms in Edinburgh. This expands Brainpower's presence beyond its main markets in Switzerland and Italy (Buy Side IT, January).
Union and Brainpower have yet to finalize details of which functions will be added, and for which business areas. But Union, part of the Volks- und Raiffeisenbanken group, may soon have more to