FNZ, a wealth management platform, has acquired New Access, a private banking technology firm.
The acquisition of New Access represents an investment by FNZ into the growing private banking sector.
“FNZ’s success has always been based on understanding the needs of our customers and providing them the solutions they need to grow their business. We are excited that FNZ and New Access are coming together to provide private banks and wealth managers with a wealth management platform that will help them deliver significant operational efficiencies,” said Adrian Durham, CEO of FNZ.
Deloitte FIG Corporate Finance Advisory acted as financial advisor to FNZ, while CMS acted as legal adviser