Objectway Acquires Swiss Private Banking Technology Business From FNZ to Strengthen Its Pan-European Position
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The acquisition consolidates its pan-European position, with growth in Switzerland and Liechtenstein, as well as creating opportunities for expansion in other international wealth centers. The investment enhances Objectway Bank’s digital transformation capabilities and strengthens its end-of-year offering in private banking and its cross-border wealth business.
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Important takeaways
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- Objectway is strengthening its position in Switzerland and in the main areas of cross-border wealth management.
- The acquisition enhances Objectway’s private banking offering for medium and large institutions, leveraging core banking technology and digital solutions.
- Objectway is expanding its international operations footprint in Switzerland, Singapore and Tunisia, accelerating its growth strategy and strengthening its ability to support banks facing expansion, consolidation, regulatory pressure and increased operational complexity.
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MILAN & GENEVA — Objectway, a global richtech partner for banking, wealth and asset management companies, today announced FNZ’s acquisition of its Swiss private banking technology business FNZ Switzerland SA (formerly New Access). The business will now be run under the Objectway Switzerland brand.
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Top Stories
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Objectway welcomes a team of over 160 professionals, who bring their expertise and expertise to the development of innovative, award-winning solutions for over 40 independent banks.
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The acquisition is an important step in Objectway’s growth strategy, which reinforces its commitment to expanding its presence in key international wealth areas such as Switzerland, Liechtenstein, Luxembourg, Monaco and the Bahamas, where the newly joined business already serves domestic and international cross-border customers. The agreement also extends Objectway’s digital-to-digital capabilities that support end-to-end private banking operations, while leveraging an international team and operations across Switzerland, Singapore and Tunisia and includes ongoing collaboration with FNZ on several joint client initiatives.
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Private banks operate in a market environment shaped by consolidation, increased operational complexity, legacy constraints and increased regulatory expectations. As institutions pursue growth and scale, technology has become the most important resource to support long-term competitiveness, by establishing core banking platforms and adopting integrated, integrated core-to-digital projects to mitigate risk transformation initiatives and lay the foundation for future growth.
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This latest addition enhances Objectway’s proposition for large private banks, including an integrated relationship management and digital banking solution, offering a 360° client view across advisory, portfolio, transaction and communication functions, with full back-end banking capabilities.
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This further strengthens Objectway’s ability to support private banks operating in offshore and cross-border, multi-jurisdictional and increasingly complex regulatory settings.
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“We are pleased to welcome a highly experienced and talented team to Objectway. Their expertise, international presence and strong customer relationships will be instrumental in our future growth and innovation journey,” said Luigi Marciano, Founder and Group CEO of Objectway.
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“We are committed to ensuring that clients build a long and loyal relationship with our newly joined team, supporting them on their growth journey as we have always done with our clients across the Group. This agreement significantly strengthens our position in all the leading wealth management markets and cross-border financial centers in continental Europe, while opening up new opportunities in every regional and global market, we are growing rapidly.”
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Vincent Jeunet, who was in charge of FNZ Group’s Swiss operations, will continue to lead the business, taking on the role of CEO Switzerland to ensure the continuity of employees, clients and partners, while supporting the next phase of growth and integration within Objectway.
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Vincent Jeunet, CEO of Objectway Switzerland said:
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“Joining Objectway represents an exciting new chapter for our people and our clients. I am delighted to continue to lead the business that the teams have helped to grow over the years, and to do so as part of the wider Objectway Group, while continuing our partnership with FNZ on a number of joint client initiatives.
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As part of Objectway, we share a vision for innovation, long-term customer relationships, and the evolution of banking technology. This creates new opportunities for us to grow faster, expand our capabilities, and continue to serve our customers with the professionalism, continuity, and commitment they expect from us.
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Our shared clients, as well as a broad range of private banking clients, will benefit from Objectway’s significant investment strengths and proven track record in the private banking sector. Together, we see great potential to generate new business opportunities across all relevant market segments and client segments. “
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Objectway’s advisors in the transaction included Deloitte as commercial and technical advisor, and Giovannelli e Associati as legal advisor. FNZ was advised by Prager Dreifuss as its legal advisor. Barclays Bank PLC, acting through its Investment Bank, acted as sole financial advisor to FNZ.
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Transactions are subject to standard closing conditions.
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About Objectway
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For more than 35 years, Objectway has been a faithful partner in banks, asset and wealth management firms, delivery scalable solutions driving itself to work and give strength i the entire value chain.
