• This acquisition represents a new investment in a growing sector that will strengthen FNZ’s presence in the major international financial centers of Switzerland, Liechtenstein and Luxembourg.
• New Access’ award-winning solutions will enrich and complement FNZ’s global wealth management platform.
FNZ, the global wealth management platform, announces the acquisition of New Access, a technology company specializing in the private banking sector and mainly active in Switzerland, Liechtenstein and Luxembourg. These places are key in the administration of clients’ assets on a global level. Having an even stronger presence in these countries is consistent with FNZ’s mission to make wealth management more accessible to everyone.
In addition to its organic growth and following the integration of Appway in Switzerland in February 2022, the acquisition of New Access represents a new strategic investment by FNZ in the growing sector of private banking and wealth management. cross-border”.
Private banks are under strong pressure to adapt and develop their offers to their customers and prospects. They are often constrained by outdated systems and technologies, complex implementation projects, and constantly new regulatory requirements to consider. FNZ is transforming the industry landscape with a comprehensive end-to-end wealth management services platform. By combining technology, infrastructure and operations on a single, modern platform, FNZ enables Private Banking players to quickly deliver personalized services to their clients and create innovative products.
FNZ manages US$1.5 trillion in assets on its platform for over 20 million end customers worldwide. It allows its customers to benefit from the significant economies of scale that it has been able to create.
“FNZ’s success has always been based on understanding our clients’ needs and providing the right solutions to grow their business. We are pleased that FNZ and New Access are now partnering to provide private banks with and wealth managers with a global platform, delivering unrivaled service, that will help them achieve significant operational efficiencies and improve their client experience,” said Adrian Durham, CEO of FNZ Group.
“Our two companies have a similar vision based on the freedom offered to everyone to create wealth through personalized investments, in accordance with what is important to them and on their own terms. We are delighted to welcome the talented New Access team within FNZ.”
With 20 years of experience and more than 200 engineers and product experts, New Access has developed innovative and award-winning solutions for more than 60 private banks and wealth managers.
Vincent Jeunet, CEO of New Access, said: “We are excited and proud to join FNZ in transforming the industry and together making wealth management more accessible. Combining our solutions and expertise with the resources, scale and FNZ’s footprint in the global private banking market is a great opportunity for New Access and for its clients.”
“New Access clients will benefit from FNZ’s investments and experience in private banking. This will help them reduce complexity and generate significant efficiencies, while freeing up time for they can focus on their own customers.”
With more than 200 employees, Switzerland will become a major competence center for FNZ to develop the activity in the private banking segment.
Eric May, Founding Partner of BlackFin Capital Partners, added: “New Access and FNZ are both leaders in their field and in that, this association is exciting. BlackFin has been proud to work alongside Vincent and the team. New Access. Together, we have evolved the New Access offer into a complete suite of core-to-digital banking solutions and have positioned the company as an alternative choice to the major historical players in Switzerland and internationally. for the private banking and wealth management industry. We are confident that this team and this incredible combination of solutions will help clients accelerate their digital transformation, so we wish them the best for the future.”
Today, FNZ is present in 21 countries and works in partnership with more than 650 financial institutions and more than 8,000 wealth management companies, offering more than 20 million people, affluent or ultra/high-net-worth , the opportunity to create wealth through personalized investments, in accordance with what is important to them and on their own terms.
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 industry, partnering with over 650 of the world’s largest financial institutions and over 8,000 wealth management firms. With more than 4,500 employees in 21 countries, FNZ’s mission is to make wealth management accessible, enabling everyone to create wealth through personalized investments, in line with what is important to them. and on their own terms.
FNZ combines technology, infrastructure and operations in a single, modern, state-of-the-art platform to enable its institutional clients to create hyper-personalized and innovative products and services, perfectly aligned with the needs of their own clients.
To date, FNZ has empowered over 20 million people across all wealth segments to invest efficiently, simply and transparently, making wealth management accessible to everyone.
A propos de New Access
New Access is a recognized publisher of Core-to-Digital, scalable and modular solutions, designed to meet the specific requirements of the private banking and wealth management sectors.
New Access accelerates digital transformation and improves customer satisfaction thanks to its Customer Lifecycle Management (CLM) solution coupled with a Customer & External Managers portal. Its offer also includes a Core Banking System, a portfolio management tool (PMS) and a workflow engine (BPM).
New Access has been operating exclusively in the private banking and wealth management sectors for more than 20 years, supporting more than 60 clients worldwide.
A propos de BlackFin Capital Partners
Specialist in investments in financial services companies, fintechs and insurtechs, BlackFin is the European leader in the sector with 2.4 billion euros in assets under management.
BlackFin is making investments from the Buyout III (€1 billion) and Tech 2 (€350 million) funds, targeting established financial services companies and high-growth B2B fintechs & insurtechs respectively.
Founded in 2009, BlackFin Capital Partners is an independent private equity firm led by nine partners who have worked together as entrepreneurs or managers in the financial industry for decades. The team has a total of 45 professionals in offices in Paris, London, Brussels and Frankfurt.