Julius Baer invests in Nectar Financial

11.07.2017 09:43
Analysis

Julius Baer invests in Nectar Financial and joins the financing of a further growth step. With more than 60 employees and a proven track-record, Nectar Financial is one of the largest and most successful Fintech companies in Switzerland.

Following the investment of Partners Group co-founder Urs Wietlisbach, who has been a minority shareholder since October 2016, Julius Baer is another renowned investor to support the company's growth strategy. The founders and the management team of Nectar Financial continue to own the controlling majority of the shares.

Nectar Financial supports more than 30 family offices, independent asset managers as well as banks in the management of more than CHF 35 billion in client assets. In the first half of 2017, Nectar Financial launched its own Wealth Management Platform. The platform allows clients to replace fragmented and complex IT systems with an integrated solution based on state-of-the-art technology. The solution simplifies client relationship and portfolio management while integrating them tightly into regulatory and compliance processes. The first clients are already working with the new solution, which is being expanded with additional functionalities based on a clear roadmap.

In a further step and as an integral part of the system, tailor-made investment management and a completely digitized asset allocation for wealth and asset managers is under development. A team of senior specialists in the area of Artificial Intelligence, Machine Learning and Asset Management, which Nectar Financial built up over the last months, is developing the solution, partly within the framework of cooperations with other leading FinTech companies. These efforts have been bundled in a new Research & Development unit (“Nectar Digital Lab”).

Michael Appenzeller, co-founder and CEO of Nectar Financial, says: "We are delighted to close the financing round with a prestigious and forward looking financial services player.  The bank’s investment into Nectar is a vote of confidence in the potential of our business model and of our technology. We are an independent partner to more than 30 clients, including family offices, external asset managers, asset managers and banks. Our strong investor base and our financial strength have put us in an excellent position to invest in innovation and growth. With the new Nectar Financial Wealth Management Platform, we enable our customers to focus on their strengths in client relationship management and investment management in a rapidly changing environment."

Pius Stucki, co-founder and Head of Product Development added: "The fact that we are developing our platform in close cooperation with existing clients differentiates us clearly in the competitive environment. Our solution is scalable and yet tailored to the user. The feedback from potential new clients is excellent and our pipeline is very strong. This provides the momentum to execute on our growth strategy with full force."

(Press release)

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