UK-based asset manager abrdn has formed a strategic partnership with wealth management firm FNZ to form a digital platform in Asia.
abrdn and FNZ have formed a strategic partnership to develop a multi-distributor, open architecture digital wealth platform in Asia, according to a statement, beginning with the Singapore market.
The platform will aim to support independent financial advisory firms, banks, virtual banks, family offices and insurance companies in the region. It will be capable of discretionary portfolio management, self-directed solutions and standardized wealth-related and application programming interfaces (API) with more innovations to follow in the future.
UK Tie-Up
abrdn and FNZ have been partnered in the UK since 2005, developing a platform for financial advisors that has grown to 75.2 billion British pounds ($94.2 billion) in assets under administration.
«Following the success of our UK advisor platform, we are delighted to be working with FNZ to launch a platform business in Asia that we believe will make a positive difference to the investment processes and investment outcomes for financial advisers and their underlying clients,» said abrdn’s global CEO of investments and head of APAC Rene Buehlmann.
«Asia is a key market for us and we are committed to delivering solutions that meet the evolving needs of investors in the region.»
