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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    J.P. Morgan private bank invests in two Swiss fintechs

    Published by Uma Rajagopal

    Posted on December 1, 2022

    Featured image for article about Top Stories

    ZURICH (Reuters) – J.P. Morgan Private Bank has invested in two Swiss fintech companies that specialise in software that helps advisers customise portfolios for wealthy clients in Europe, the Middle East, Latin America and Asia, it said on Thursday.

    It gave no financial details of what it called a “strategic” investment in Edge Laboratories SA and Evooq SA (Evooq), which were already partners.

    Their software focuses on analysing risk, building and optimising portfolios, and offering advisory platforms.

    “With this investment, Edgelab and Evooq gain capital at a critical stage of growth for the companies that will help increase resources needed to deliver core portfolio products and initiatives,” Edgelab and Evooq Chief Executive and founder Cedric Ullmo said in a statement.

    Edgelab and Evooq, which together employ 285 staff, work for large banks, wealth managers and pension funds.

    J.P. Morgan Private Bank, which manages around $1.8 trillion, has since 2021 bought fintech companies OpenInvest and Global Shares and invested in data groups Kraft Analytics Group and MioTech.

    (Reporting by Oliver Hirt, writing by Michael Shields)

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