Global wealth tech provider buys German funds platform

Mark Battersby
clock • 2 min read

FNZ, the global wealth management technology provider, has agreed to acquire Fondsdepot Bank, the German trading and custody platform. Subject to receiving the necessary regulatory clearances, the acquisition is expected to close in mid-2022. The terms of the agreement were not disclosed. Established in 1993, Fondsdepot Bank serves businesses and end-clients. It works with more than 330 fund providers and maintains relationships with over 200 distribution partners, offering them access to more than 12,000 investment funds and exchange-traded funds and the custody of their customers' p...

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