J.P. Morgan Private Bank announced a strategic investment, through an affiliated entity, in two Swiss-based wealth management software services companies Edgelab and Evooq. J.P. Morgan has already collaborated with the two sister companies.
Edgelab and Evooq aim to make investments more accessible and understandable for professional investors and their clients. Their solutions reduce the number of tools wealth managers need to do their job, put important information at their fingertips, automate manual tasks and make it easier to exchange information with other service providers. Customers include some of the world’s largest banks, along with wealth management companies and pension funds across Europe, Middle East and Asia.
The investment supports an existing engagement between J.P. Morgan Private Bank and the two firms, with the overarching goal of providing client advisors digital tools to deliver bespoke portfolios and personalized planning.
“The relationship with Edgelab and Evooq comes at a time of challenging market conditions,” Adam Tejpaul, J.P. Morgan International Private Bank Head of Investments and Engagement, said. “Edgelab’s and Evooq’s multi-asset class risk engine provides our advisors access to powerful risk analytics and ultimate levels of portfolio customization to help clients best navigate markets and make portfolio decisions that support their investment objectives and broader life goals.”
“We are thrilled to partner with J.P. Morgan Private Bank,” said Cédric Ullmo, Edgelab and Evooq CEO and Founder. “With this investment, Edgelab and Evooq gain capital at a critical stage of growth for the companies that will help increase resources needed to deliver core portfolio products and initiatives.”
(Press release / SK)
0Comments
Please login or sign up to comment.
Commenting guidelines