FNZ, the global wealth management platform, today announced that it has agreed to acquire DIAMOS AG, the specialized wealthtech provider for the asset and wealth management industry, to further enhance its global wealth management platform.

The addition of cutting-edge product and service offerings to its current end-to-end wealth management platform will boost FNZ’s worldwide client proposition.

The markets of Germany, Austria, Switzerland, Liechtenstein, and Luxembourg are where DIAMOS principally operates. With a team of seasoned professionals, DIAMOS will offer FNZ superior subject expertise, in-depth understanding across the entire wealth management value chain, and sophisticated technical capabilities in fund administration and alternative investments. Over the past 30 years, DIAMOS has successfully created cutting-edge solutions for the wealth management business with the help of more than 100 people and a capable development team.

Subject to regulatory approvals, the purchase of DIAMOS constitutes a new investment by FNZ in Europe. After completion, FNZ will have over 5,000 employees worldwide and over 1,000 in the DACH region.

Through the use of its full-service, end-to-end wealth platform, FNZ is revolutionizing the market environment. Through the integration of cutting-edge infrastructure, investment operations, and technology into a single cutting-edge platform, FNZ enables wealth managers to quickly deliver individualized services and cutting-edge wealth products that are perfectly matched to the requirements of their clients.

“We are excited to be making another significant investment in the German wealth management sector and are delighted to partner with the DIAMOS team, given their successful record and deep knowledge of the market.”

                                                                                       Adrian Durham, Group CEO of FNZ.

For more than 20 million investors worldwide, FNZ administers more than US$1.5 trillion in client assets on its platform and it has achieved significant scale efficiencies that are delivered directly to its consumers.

“We are thrilled to be joining FNZ as we continue to transform the industry. In partnership, we will now accelerate the growth trajectory that DIAMOS has achieved by leveraging the strength and global expertise of the FNZ team. DIAMOS’ clients will benefit from FNZ’s global scale and investment. Our employees will be critical to delivering on this ambition, which offers even more exciting long-term career opportunities in the future.”

                                                                                Wilhelm Velten, Owner & CEO, DIAMOS.

FNZ partners with over 650 large financial institutions and over 8,000 wealth management firms in 21 countries including abrdn, Allianz, Aviva, Barclays, BNP Paribas, Generali, and Lloyds.