Fintech
EFG Hermes acquires a minority stake in Danish fintech Kenzi Wealth
The partnership offers investors more efficient and unique ways to manage their portfolios
EFG Hermes, a holding company of EFG and a leading investment bank in the MENA region, announced that it has acquired a minority stake in Kenzi wealtha Danish digital asset manager.
EFG Hermes has also signed a memorandum of understanding with Kenzi Wealth, which aims to expand EFG Hermes’ offering. This partnership will provide customers with a more efficient and personal investment experience using innovative artificial intelligence (AI) tools. The Danish company is a renowned digital wealth manager that uses advanced AI-based wealth management technologies. Additionally, it offers investment risk analysis to help investors build and rebalance their portfolios.
Customizable investment paths
Therefore, this investment and partnership represent a significant step in the investment bank’s digitalization vision. By combining the bank’s extensive client network, award-winning research intelligence and Kenzi Wealth’s innovative artificial intelligence tools, EFG Hermes will expand its offering to its clients. Thanks to the capabilities of artificial intelligence, investors will have access to more efficient and unique ways to manage their portfolios. Furthermore, they will have the opportunity to customize their investment path in line with their specific needs.
For his part, Ahmed Waly, Global Head of Brokerage at EFG Hermes, said: “This significant move marks EFG Hermes’ foray into the realm of personalized investment instruments using cutting-edge technologies, thereby broadening our product portfolio and services.”
Read: Abu Dhabi ADGM expects record 211% increase in assets under management in Q1 2024
The trading platform is renewed
Kenzi Wealth specializes in customizing investment features to meet investors’ specific needs. Therefore, this partnership with the investment bank will allow it to introduce the latest technologies into its cutting-edge trading platform, EFG Hermes ONE.
Looking to the future, EFG Hermes ONE will become an end-to-end investment experience. From research and trading to portfolio management, investor services will all be available on one platform. This innovative solution will set a new standard in the industry.
“We are committed to providing our customers with the tools they need to make informed investment decisions and achieve their financial goals,” added Ahmed Waly.
For more banking and finance news, click Here.