GVC Gaesco partners with FNZ to develop digital solutions for investment services

By Joy Dumasia

GVC Gaesco is reaffirming its commitment to strengthening the digitalisation process of investment services. As such, the Spanish financial group has signed a key partnership with FNZ, a leading global wealth management platform, under its unique platform-as-a-service model to develop a new digital solution for investment services. 

GVC Gaesco has been working with FNZ to adapt the platform to the Spanish market and regulations and will have this new solution fully operational in 2023. The partnership with GVC Gaesco accelerates FNZ’s expansion into the Spanish market and is part of the digital transformation process driven by CEO Enrique García Palacio since joining the company in 2019. 

FNZ is the global wealth management platform which partners with over 650 financial institutions and over 8,000 wealth management firms in 21 countries. Major international clients include Allianz, Barclays, BNP Paribas, Lloyds and Generali. Founded in 2003, the wealth technology company is valued at over USD 20 billion and administers over US$1.5 trillion on its platform for over 20 million customers worldwide. 

Enrique García Palacio, CEO of GVC Gaesco, stated: “Partnering with a world leader like FNZ shows the ambition for growth and digitalisation of the GVC Gaesco group. With FNZ, we will be able to deploy one of the most globally competitive investment platforms in Spain with all the advantages that this will bring.” 

The value proposition will extend to a complete and more advanced trading platform, which will also feature a wide-open version of funds. The same platform will also include an advisory platform and bring together different discretionary management models. The organisation’s financial advisors and agents will be able to manage their customer relations with absolute efficiency and provide the highest quality of service. 

Maria Àngels Vallvé, Founder and President of GVC Gaesco, commented: “GVC Gaesco is reaffirming its corporate strategy of being present in businesses related to personal finance. This is also true in investment banking, where it has become a benchmark in Spain for the mid-market, as well as in the asset management business, where it has managed to differentiate itself by creating signature funds that are far from conventional and highly appreciated by domestic and foreign institutional investors.” 

Founder and CEO of FNZ, Adrian Durham, said: “GVC Gaesco is a key partner for FNZ in Spain, and we are delighted to be working with them to accelerate their digital transformation and deliver a market-leading solution for the Spanish market. 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.” 

Recently, IBS Intelligence reported that 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.