Swiss fintech vestr expands to Singapore via a partnership with Julius Baer to create a digital platform for actively managed certificates.
Product management tech firm vestr is collaborating with Julius Baer on a proof-of-concept (POC) for digitally managing the end-to-end life cycle of actively managed certificates (AMC) in Singapore, according to a statement.
vestr was also rewarded a grant from the Monetary Authority of Singapore for the POC to provide funding support for experimentation, development and dissemination of nascent innovative technologies in the financial services sector.
The POC started in August this year and will conclude in the second half of 2022.
Expanding Partnership
The POC in Singapore is part of an existing partnership between the Swiss units of vestr AG and Bank Julius Baer via F10 – a Swiss fintech incubator.
«The partnership with vestr to offer digital services around active management in Singapore, aims to improve transparency, flexibility and time to market,» said Julius Baer’s APAC head of markets and wealth management solutions Rajesh Manwani.
«We believe that this innovative platform will accelerate our services and AMC activities, making it more efficient and intuitive.»
AMCs
An AMC is a structured product that involves a securities portfolio with underlying assets that can constantly change.
With the rising demand for diversification and active management, AMCs have gained increasing popularity effectively as an alternative vehicle to traditional funds due to cited benefits like improved costs, efficiency and scalability.
«We believe in democratizing active management by the full process,» said vestr co-founder and CEO Rico Blaser. «This will further enable issuers and asset managers to focus on servicing their clients better and more efficiently.»
