FNZ Group welcomes new investment from Temasek

Temasek’s investment adds a further high profile investor and enhances FNZ's reach into key Asian markets

Published by

FNZ Group

FNZ, the global platform-as-a-service provider, has secured an investment from Temasek, a global investment company headquartered in Singapore.

FNZ, who serve many of the world’s largest financial services companies, will benefit in particular from Temasek’s significant presence and experience in Asia as it looks to grow its business in the region over the coming years.

Temasek joins existing investors Caisse de dépôt et placement du Québec (CDPQ) and Generation Investment Management LLP (Generation), who acquired a majority stake in FNZ in October 2018, in a deal that valued the company at nearly £1.7 billion.

This was the first investment from the CDPQ-Generation partnership, who came together to make large-scale, long-term sustainable investments.

Temasek’s investment in FNZ adds a further high profile investor and will enhance our reach into Asian markets. We look forward to exploring opportunities to work together to broaden our customer base in Asia and beyond.

Adrian Durham, Founder and Chief Executive of FNZ Group

Background information on FNZ Group:

FNZ is a global platform-as-a-service provider, transforming the way financial institutions serve their wealth management customers. It partners with banks, insurers and asset managers to help consumers better achieve their financial goals.

FNZ's technology, transaction and custody services enable their clients to provide best-in-class wealth management solutions to financial advisers, end-investors and the workplace that are efficient, flexible, transparent and scalable, supporting market, demographic and regulatory trends worldwide.

Today, FNZ is responsible for over £400 billion in assets under administration (AuA) held by around 8 million customers of some of the world’s largest financial institutions, including Aviva, Barclays, BNZ, Findex, Generali, Lloyds Banking Group, National Australia Bank, Quilter, Santander, Standard Life Aberdeen, UBS, UOB, Vanguard and Zurich.

In total, FNZ partners with over 60 financial institutions globally and employs over 2,500 in Australia, China, Czech Republic, Germany, New Zealand, Singapore, the Nordics and the United Kingdom.

About Temasek:

Temasek is an investment company with a net portfolio value of S$313 billion (£206 billion) as at 31 March 2019.

Our three roles as an Investor, Institution and Steward, as defined in our Temasek Charter, shape our ethos to do well, do right and do good.

Our investment philosophy is anchored around four key themes:

Transforming Economies
Growing Middle Income Populations
Deepening Comparative Advantages
Emerging Champions

We actively seek sustainable solutions to address present and future challenges, as we capture investment and other opportunities that help to bring about a better, smarter and more sustainable world.

Headquartered in Singapore, we have 11 offices around the world: Beijing, Hanoi, Mumbai, Shanghai and Singapore in Asia; and London, New York, San Francisco, Washington D.C., Mexico City, and Sao Paulo outside Asia.

For more information on Temasek, please visit www.temasek.com.sg