FNZ, a prominent global WealthTech platform, has officially acquired ifsam, International Fund Services & Asset Management, recognized as a leading business-to-business (B2B) fund platform based in the heart of Europe, Luxembourg.
This strategic move comes as FNZ seeks to fortify its global presence and enhance its comprehensive wealth management services.
The acquisition serves a multifaceted purpose, primarily to enrich FNZ’s robust end-to-end wealth management platform. It brings onboard specialist talent, local expertise, and establishes Luxembourg as FNZ’s European nexus for fund processing services.
The deal, celebrated for its value-adding capabilities, notably strengthens FNZ’s position in the market, especially in handling alternative asset classes including hedge funds, private equity, and venture capital funds. This marks yet another significant investment by FNZ in Europe, propelling its mission to democratize wealth management, making investment accessible and tailored for everyone, everywhere.
FNZ, at its core, is an esteemed WealthTech platform operating on a global scale, dedicated to revolutionizing wealth management through technology. It offers a seamless, integrated platform facilitating asset management and distribution. Conversely, ifsam stands out as a B2B fund platform based in Luxembourg, renowned for its specialized services catering to the nuanced needs of the fund industry, including asset management and fund distribution.
Luc Duarte, the esteemed Managing Partner at ifsam, will maintain his pivotal role, steering ifsam’s direct engagements with specialist fund distributors and an extensive network of over 300 major asset managers globally.
Duarte said, “I am very excited for our team to join FNZ at such an exciting time in its growth. Together, we will expand FNZ’s market-leading offering, leveraging our combined market knowledge to better serve customers. As part of FNZ, ifsam has the opportunity to further accelerate its growth and broaden its suite of services. We are looking forward to putting our combined expertise to work.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global