FNZ announces the strategic acquisition of New Access
By Joy Dumasia
FNZ, the global wealth management platform, has acquired New Access, a private banking technology firm primarily active in the markets of Switzerland, Liechtenstein and Luxembourg. These markets are key to serving and administering client wealth globally and will support FNZ in delivering on its promise to open up wealth and serve the $240 trillion global wealth market.
The strategic acquisition of New Access represents a further investment by FNZ into the growing private banking and cross-border wealth sector after several customer successes and the acquisition of the Swiss tech innovator Appway in February 2022.
Private banks are under significant pressure to adapt and scale offerings to their existing and new clients but are often constrained by legacy technology, complex delivery models and new regulatory requirements. FNZ is transforming the industry landscape with its full-service, end-to-end wealth platform. Combining cutting-edge technology, infrastructure and investment operations into a single state-of-the-art platform, FNZ enables wealth managers to deliver personalized services and innovative wealth products rapidly.
Adrian Durham, CEO of FNZ Group, said: “FNZ’s success has always been based on understanding the needs of our customers and providing them the solutions they need to grow their business. We are excited that FNZ and New Access are coming together to provide private banks and wealth managers with an unrivalled, full-service, end-to-end wealth management platform that will help them deliver significant operational efficiencies and improve the client experience. Both our companies have a shared vision to open-up wealth, empowering all people to create wealth through personal investment, aligned with things they care about the most, on their own terms. We are delighted to welcome the talented New Access team into FNZ.”
Vincent Jeunet, CEO of New Access, said: “We are excited to be joining FNZ as we transform the industry and open up wealth together. Combining our solutions and expertise with the global strength, scale and commitment of FNZ to the global private banking market is a great opportunity for New Access and our clients. New Access customers will benefit from FNZ’s significant investment and track record in the private banking sector that will help them to reduce operational complexity, generate significant efficiencies while freeing them up to focus on their client experience.”
FNZ operates in 21 countries and partners with over 650 financial institutions and over 8,000 wealth management firms to empower over 20 million people from all wealth segments, including savings and retirement, affluent and ultra/high-net-worth, to create wealth through long-term investment, aligned with things they care about the most, and on their own terms.
Eric May, Founding Partner of BlackFin Capital Partners, added:“Both New Access and FNZ are leaders in their fields, and this is an exciting partnership. BlackFin has been proud to work alongside Vincent and the New Access team. Together, we have grown the New Access offering into a full core-to-digital banking suite and positioned the company as an alternative of choice to large incumbent players in the private banking and wealth management sectors in Switzerland and abroad. We believe this combined team and unrivalled solution set will help their customers accelerate their digital transformation. We wish them our best on the next step.”
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