UK asset manager Abrdn has partnered with New Zealand-based wealthtech FNZ to launch a digital wealth platform for the Asian market.
The offering is described as a multi-distributor, open architecture platform aimed at financial advisors, virtual banks, family offices and insurance companies in the region.
It will be debuted in Singapore with plans to be rolled out across the Asia region.
The two firms have worked together since 2005 on the development of a wealth platform for the UK market that now has more than US$94 billion in assets under management.
“Following the success of our UK advisor platform, we are delighted to be working with FNZ to launch a platform business in Asia that we believe will make a positive difference to the investment processes and investment outcomes for financial advisers and their underlying clients,” said Rene Buehlmann, abrdn’s global CEO of investments and head of APAC.
“Asia is a key market for us and we are committed to delivering solutions that meet the evolving needs of investors in the region.”
©2024 funds global asia