Indosuez Wealth Management acquires majority stake in Wealth Dynamix

By Gloria Methri

Indosuez Wealth Management has acquired a majority stake in London-based Wealth Dynamix, a specialist in client relationship management for private banks. Indosuez announced that it has acquired 70% of the FinTech company, which was founded in 2012 to provide Client Lifecycle Management solutions to private banks and asset management firms worldwide.

This acquisition is an extension of the collaboration initiated in 2019 between Indosuez, it’s subsidiary Azqore, and Wealth Dynamix. This acquisition strengthens Azqore’s position in the outsourced banking services market while complementing its platform in client relationship management. It will also enable the company to accelerate its innovation dynamic by integrating new technical skills and benefiting from the agility of this FinTech.

Through the synergies and added value, this acquisition will help Azqore to expand into new client segments, including small and medium-sized players. Moreover, the backing of Indosuez will enable Wealth Dynamix to accelerate its development and benefit from the Group’s scale and stability, while maintaining its independence.

Jacques Prost, Chief Executive Officer 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 personalisation, digitalisation, and autonomy for their clients.”

Gary Linieres, Chief Executive Officer of Wealth Dynamix, said, “I am delighted that Wealth Dynamix has become part of the Indosuez team. We have been working strategically with Indosuez and Azqore for 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 an organisation such as 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.”