London based Wealth management platform FNZ announced that it has agreed to acquire investment management solutions provider DIAMOS AG to bolster FNZ’s client proposition in the German market.
DIAMOS will also provide FNZ with its technology expertise in fund administration and alternative investments, along with domain expertise across the value chain, especially in Germany, Austria, Switzerland, Liechtenstein, and Luxembourg.
The acquisition of DIAMOS, subject to approvals, represents a further investment by FNZ into Europe. The company previously acquired Swiss wealthtech New Access in July.
FNZ will employ more than 1,000 people across the DACH region and over 5,000 globally upon completion.
Adrian Durham, Group CEO of FNZ, said:
“The acquisition of DIAMOS reflects our continued focus on enhancing our client proposition, while bringing our innovative approach and investment to DIAMOS’ strong client base.”
Wilhelm Velten, Owner & CEO, DIAMOS, added:
“In partnership, we will now accelerate the growth trajectory that DIAMOS has achieved by leveraging the strength and global expertise of the FNZ team.”
Featured image credit: edited from Unsplash
