FNZ Group welcomes new investment from Temasek

FNZ, a global platform-as-a-service provider, has secured an investment from Temasek, a global investment company headquartered in Singapore.

FNZ, which specialises in wealth management technology and serves many of the world’s largest financial services companies, will benefit in particular from Temasek’s significant presence and experience in Asia as it looks to grow its business in the region over the coming years. 

Temasek joins existing investors Caisse de dépôt et placement du Québec (CDPQ) and Generation Investment Management LLP (Generation), who acquired a majority stake in FNZ in October 2018, in a deal that valued the company at nearly £1.7 billion.

This was the first investment from the CDPQ-Generation partnership, who came together to make large-scale, long-term sustainable investments.

Background information on FNZ Group:  

FNZ is a global platform-as-a-service provider, transforming the way financial institutions serve their wealth management customers.  It partners with banks, insurers and asset managers to help consumers better achieve their financial goals.

FNZ's technology, transaction and custody services enable their clients to provide best-in-class wealth management solutions to financial advisers, end-investors and the workplace that are efficient, flexible, transparent and scalable, supporting market, demographic and regulatory trends worldwide.

Today, FNZ is responsible for over £400 billion in assets under administration (AuA) held by around 8 million customers of some of the world’s largest financial institutions, including Aviva, Barclays, BNZ, Findex, Generali, HSBC, Lloyds Banking Group, National Australia Bank, Quilter, Santander, Standard Life Aberdeen, UBS, UOB, Vanguard and Zurich.

In total, FNZ partners with over 60 financial institutions globally and employs over 3,000 in Australia, China, Czech Republic, Germany, New Zealand, Singapore and the United Kingdom.