Novia, a UK-based Wrap platform, is planning to launch an offshore platform to target expatriate markets.
The platform will be offered through a new venture called Novia Global, in which the firm own 23% stake.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The platform will launch with around 40 offshore fund groups, the bulk of which are based in Luxembourg and Dublin.
It will initially target markets like Gibraltar, Switzerland and Dubai, and thereafter Hong Kong and Singapore.
Other potential target markets will be the Caribean, Russia and South Africa.
The platform is powered by technology provider GBST and be regulated by the Financial Conduct Authority (FCA).
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
