View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 10, 2020

Wealth tech firm FNZ secures investment from Temasek

Wealth management technology provider FNZ has received an undisclosed infusion from Singaporean investment firm Temasek.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The deal is said to bolster FNZ’s presence in Asia.

Commenting on the latest infusion, FNZ founder and CEO Adrian Durham said: “Temasek’s investment in FNZ adds a further high profile investor and will enhance our reach into Asian markets.

“We look forward to exploring opportunities to work together to broaden our customer base in Asia and beyond.”

FNZ other backers include Caisse de depot et placement du Quebec (CDPQ) and Generation Investment Management.

The pair bought a controlling stake in the firm in October 2018, offering the firm a valuation of around £1.7bn ($2.2bn).

FNZ has tie-ups with over 60 financial services providers including banks, insurers and asset managers.

It has operations in Australia, China, Czech Republic, Germany, New Zealand, Singapore, the Nordics as well as the UK, with staff strength of more than 2,500.

At present, the firm has assets under administration of more than £400bn held by nearly eight million customers.

These customers are of various financial services firms such as Aviva, Barclays, Generali, HSBC, Lloyds, NAB, UBS, Quilter, Standard Life Aberdeen, and Vanguard.

Last year, FNZ snapped up London-based wealth management software provider JHC Systems and German investment platform ebase.

It followed up with the acquisition of Australian wealth technology provider GBST.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International