FNZ: Launches US wealth management venture
- FNZ a global FinTech firm, transforming the way financial institutions serve their wealth management customers
- FNZ launched FNZ Trust Company, a new US wealth management venture
- In 2020, FNZ agreed to acquire a majority stake in State Street’s WMS business in the US
- FNZ Trust Company combines the custody expertise of State Street, which retains a minority interest in the business
- State Street serves as sub-custodian in respect of all custody assets of the clients that transitioned to the new firm
- State Street serves as sub-custodian in respect of all custody assets of the clients that have transitioned to the new firm
