- The acquisition represents another investment by FNZ in the growing private banking sector and will increase its presence in the cross-border wealth centers of Switzerland, Liechtenstein and Luxembourg.
- New Access’s award-winning digital private banking solutions and talent will continue to enhance FNZ’s full-service, transformative, end-to-end wealth management platform.
GENEVA, July 20, 2022 /PRNewswire/ — FNZ, the global wealth management platform, has acquired New Access, a specialty private banking technology company primarily operating in the markets of Switzerland, Liechtenstein and Luxembourg. These markets are key to servicing and managing client wealth worldwide and will help FNZ deliver on its promise to create and service wealth $240 trillion global wealth market.
The strategic acquisition of New Access represents another investment by FNZ in the growing private banking and cross-border wealth sectors, following a string of client successes and the acquisition of Swiss technology innovator Appway February 2022.
Private banks are under significant pressure to adapt and scale offerings for their existing and new clients, but are often constrained by outdated technology, complex delivery models and new regulatory requirements. FNZ is changing the industry landscape with its full-service, end-to-end wealth platform. By combining cutting-edge technology, infrastructure and investment businesses on a single state-of-the-art platform, FNZ enables wealth managers to rapidly deliver personalized services and innovative wealth products.
Today, FNZ manages more than $1.5 trillion in client assets on its platform serving over 20 million clients worldwide and has created significant economies of scale that are passed directly to its clients.
“FNZ’s success has always been based on understanding our customers’ needs and providing them with the solutions they need to grow their business. We are delighted that FNZ and New Access are coming together to offer private banks and wealth managers an unrivaled full service. End-to-end wealth management platform that helps them achieve significant operational efficiencies and improve client experience.” said Adrian Durham, CEO of FNZ Group.
“Both our companies share a vision to unlock wealth and empower all people to create wealth through personal investments focused on the things that matter most to them, on their own terms. We are delighted to welcome the talented New Access team to FNZ.”
With a 20-year track record and more than 200 engineers and product experts, New Access has successfully developed innovative and award-winning solutions for more than 60 private banks and wealth management companies.
Vincent JeunetCEO of New Access said: “We are excited to join FNZ as we transform the industry and create fortunes together. Combining our solutions and expertise with FNZ’s global strength, scale and exposure to the global private banking market is a tremendous opportunity for New Access and our clients.”
“New Access customers will benefit from FNZ’s significant investments and track record in the private banking sector, which will help them reduce operational complexity and achieve significant efficiencies while giving them the ability to focus on their customer experience to concentrate.”
With now more than 200 local FNZ employees, Switzerland becomes a central private banking competence center that drives further expansion in this industry.
Eric MayFounding partner of BlackFin Capital Partners, added: “Both New Access and FNZ are leaders in their fields and this is an exciting partnership. BlackFin was proud to work with Vincent and the New Access team. Together we have expanded the New Access offering into a full core-to-digital banking suite and positioned the company as the preferred alternative to large incumbent players in private banking and wealth management Switzerland and abroad. We believe this combined team and unrivaled solution set will help its clients accelerate their digital transformation. We wish them all the best for the next step.”
Today, FNZ operates in 21 countries, working with over 650 financial institutions and over 8,000 wealth management firms to empower over 20 million people across all wealth segments, including savings, retirement, affluent and ultra/high net worth , wealth to create long-term investment, tailored to the things that matter most to them and on their own terms.
The terms of the agreement are not disclosed. Deloitte, FIG Corporate Finance Advisory acted as exclusive financial advisor to FNZ while CMS acted as legal advisor to support the transaction.
FNZ is the global platform provider in the wealth management sector, working with over 650 of the world’s leading financial institutions and over 8,000 wealth management firms. With over 4,500 employees in 21 countries, FNZ’s mission is to unlock wealth and empower all people to create wealth through personal investments focused on the things that matter most to them, on their own terms.
FNZ combines technology, infrastructure and investment operations on a single state-of-the-art platform that enables its institutional clients to create hyper-personalized and innovative products and services that seamlessly address the needs of their clients.
To date, FNZ has enabled over 20 million people from all wealth segments to invest in an effective, simple and transparent way, making wealth management accessible to everyone.
About New Access
New Access is a leading provider of a scalable and modular core-to-digital solution suite designed to meet the specific needs of the private banking and wealth management industries.
New Access enables digital transformation and improves customer experience with its digital front-end solution, including an advisor cockpit, client lifecycle management (CLM) and a customer/EAM portal. The offer also includes an advanced and comprehensive core banking system, a portfolio management system (PMS) and a powerful workflow engine (BPM).
New Access has been exclusively in the private banking and wealth management sectors for over 20 years, supporting more than 60 clients worldwide.
About BlackFin Capital Partners
BlackFin focuses on investments in financial services companies, fintechs and insurtechs and is the European industry leader with €2.4 billion of assets under management.
BlackFin is currently investing from its €1bn Buyout III and €350m Tech 2 funds, each targeting established financial services companies and high-growth B2B fintechs and insurtechs.
Founded in 2009, BlackFin Capital Partners is an independent private equity firm led by nine partners who have been working together as managers and entrepreneurs in the financial industry for decades. The team consists of a total of 45 professionals in all branches in Paris, London, Brusselsand Frankfurt.
Visit www.blackfin.com for more information.
FNZ contact details
E: [email protected]
M: +44 7522 558917