The transaction extends collaboration between the firms that started in 2019. Wealth Dynamix has offices around the world, including the US.

France-based Indosuez Wealth Management today said that it has acquired 70 per cent of Wealth Dynamix, the London-based fintech founded in 2012 which provides client lifecycle management solutions to private banks, wealth management and asset management firms. Wealth Dynamix has offices worldwide, including New York.

The financial size of the stake was not disclosed.

The firm’s majority stake deal extends the collaboration initiated in 2019 between Indosuez, its subsidiary Azqore, which specializes in outsourcing information systems and processing banking operations for private banking and wealth management players, and Wealth Dynamix. 

Indosuez said the transaction strengthens Azqore’s position in the outsourced banking services’ market while complementing its platform in a key area of client relationship management. It will also enable Azqore to speed up its standing as an innovative business and win new clients, the firm said in a statement.

“We have been working strategically with Indosuez and Azqore for a number of years. We can now further deepen our relationship. Crucially, this partnership allows us to retain our agility and entrepreneurial spirit whilst simultaneously leveraging the strength [that] an organization like Indosuez group provides. This will allow us to better service our current and future clients, accelerate the evolution of our products and ultimately provide us greater opportunity for growth,” Gary Linieres, CEO of Wealth Dynamix, said. 

Jacques Prost, CEO of Indosuez Wealth Management, said: “This operation, which reinforces Indosuez’s innovation dynamic, will enable Azqore to broaden its offer and strengthen its value proposition, thus contributing to its attractiveness in its market. It will also benefit the development and transformation of all its partners by allowing for more personalization, digitalization and autonomy for their clients.”

Wealth Dynamix has offices across the globe in financial capitals such as London, Paris, Geneva, Zurich, New York and Singapore.