DIAMOS serves the entire wealth management sector, including asset managers and banks, with a strong footprint in Germany. It is also active in Austria, Switzerland, Liechtenstein, and Luxembourg.
FNZ said the acquisition will “strengthen” its global client proposition by adding advanced product and service solutions to its existing end-to-end wealth management platform, primarily in fund administration and alternative investments.
Commenting on the acquisition, Adrian Durham, group chief executive officer of FNZ, said: “We are excited to be making another significant investment in the German wealth management sector and are delighted to partner with the DIAMOS team, given their successful record and deep knowledge of the market.”
Wilhelm Velten, owner and chief executive officer of DIAMOS, added: “We are thrilled to be joining FNZ as we continue to transform the industry. In partnership, we will now accelerate the growth trajectory that DIAMOS has achieved by leveraging the strength and global expertise of the FNZ team.”
“DIAMOS’ clients will benefit from FNZ’s global scale and investment. Our employees will be critical to delivering on this ambition, which offers even more exciting long-term career opportunities in the future.”