FNZ accelerates North American growth and makes investment in new Boston office
30 Aug 2022
FNZ accelerates its North American growth strategy as demand increases across the United States and Canada
- FNZ, the leading global wealth management platform, accelerates its North American growth strategy as demand increases across the United States and Canada.
- Company invests in new office in Boston’s premium Seaport district to attract world-class talent.
- FNZ’s continued investment in North America will lead to significant job creation and office openings across the United States and Canada.
- United States expansion follows a successful $1.4 billion capital raise in February that valued FNZ at more than $20 billion and will support the company as it continues its record of innovation and geographical expansion.
- FNZ accelerates its mission to open-up wealth, empowering all people to create wealth through personal investment, aligned with things they care about the most, on their own terms.
FNZ, the global wealth management platform, has invested in a new office within Boston’s premium Seaport district as the company accelerates its significant investment, geographical expansion and growth in the North American market.
The investment is due to the growing demand for FNZ’s market-leading wealth management platform and to accommodate the creation of a significant number of jobs as it continues to attract world-class talent to its team.
The new premises at One Marina Park Drive is the latest step in a North American growth strategy that will also see the company invest in more new offices across the United States and Canada over the coming years.
Through its global platform, FNZ is solving the biggest challenges currently facing banks, insurance companies, asset managers, trust companies and registered investment advisors looking to provide highly curated, digital experiences that make wealth more transparent and sustainable.
Its commitment to the North American market follows the announcement in February this year that the company had secured US$1.4 billion of new capital from Canada Pension Plan Investment Board (CPP Investments) and specialist private equity firm Motive Partners in one of the largest ever primary capital raises in the wealth management sector.
That transaction valued FNZ at more than $20 billion and will help to further accelerate its growth through increased R&D activity and global expansion, particularly in North America, as the company builds on its market-leading position worldwide.
Since its foundation in 2003, FNZ has demonstrated exponential growth. In the last five years, it has grown assets-under-administration by more than seven times, from US$212 billion to over US$1.5 trillion, employs over 4,500 people globally and partners with over 650 of the world’s leading financial institutions including Vanguard, Barclays, UBS and Lloyds Banking
Tom Chard, Chief Executive Officer for North America at FNZ, said: “The exciting investment
we are making in Boston is the latest step in our North American growth strategy aimed at extending our global platform proposition in the region, while empowering millions of people to grow their wealth the way they want it.
We know there is a huge pool of incredible talent in the Boston area and beyond, and we want the best of that talent to come and work with us. We believe we have a very attractive proposition - in terms of the opportunities we are creating for ambitious people to help develop our global wealth management platform.”
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