Urs Wietlisbach joins Nectar Financial

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24.11.2016
Urs Wietlisbach

Nectar Financial AG, the Schwyz based fintech company providing middle and back office services for family offices and asset managers, announced that Urs Wietlisbach, co-founder and member of the Board of Directors of Partners Group, decided to take a minority equity stake in Nectar Financial. The company further announced that the family office of the founders of Partners Group, will join their client.

Over the past months, Urs Wietlisbach and his team conducted a thorough market analysis and due diligence on Nectar Financial. Nectar confirmed that Wietlisbach agreed to invest in the company and will take a minority equity stake while the two founders of Nectar Financial, Michael Appenzeller and Pius Stucki, as well as the management team, will continue to hold the majority of the capital. Wietlisbach will hence contribute to the financing of the next growth phase.

Furthermore, Nectar announced that the family office agreed of the founders of Partners Group will become a client of the Nectar Financial platform.

“Wealth management is undergoing a fundamental transformation. There are new approaches to invest and to manage assets. Digitization allows new growth-oriented and efficient business models. In the recent years, Nectar has created a powerful platform that earned the trust of leading family offices and asset managers. During our comprehensive market screening and due diligence the Nectar Financial team absolutely convinced us. With its comprehensive investment platform, Nectar has the potential to create the leading digital platform for sophisticated wealth management. I am delighted to support the expansion of Nectar Financial as an investor”, says Wietlisbach.

“Our technology and team have made the difference and we take this as a confirmation of our strategy and a motivation to continue our hard work on behalf of our clients and partners”, comments Nectar on their social media platform LinkedIn.

About Nectar Financial
Nectar was founded in 2010 in Altendorf under the name Etops AG. Since the rebranding to Nectar Financial, the company has been growing rapidly. Currently, the company has 50 employees and operates branches in New York and Bratislava. The company also serves over 30 family offices and independent asset managers and supports them in managing assets on excess of CHF 35 billion.

As a result of their rapid technological growth, Nectar is about to launch its own Wealth management platform. The platform will enable asset managers to replace fragmented and complex IT systems with an integrated solution. This will simplify customer and portfolio management, enable users to automate and efficiently meet regulatory requirements both within- and outside the country. In addition the platform will provide comprehensive investment information.

 (RAN)

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