Deutsche Asset Management has announced Swiss insurance company Basler Versicherung has become its first distribution partner to use Wise, its robo-platform providing discretionary portfolio management services.
The platform is used by the Swiss firm under the label Monviso. Wise builds portfolios by relying on the combined knowledge and research by over 600 fund managers and analysts at Deutsche AM.
Nicolas Moreau, head of Deutsche AM, commented: “Wise is a fantastic technology. It allows us to make our outstanding investment opportunities even more accessible by virtue of being digital – and we meet our clients exactly where they are: in the digital world. Wise is a quantum leap for Deutsche AM and Deutsche Bank.”
Deutsche Bank Group chief operating officer Kim Hammonds said: “Our digitalisation strategy continues to bear fruit – Wise is one of the most innovative solutions anywhere in asset management at the moment.”