FNZ has launched FNZ Trust Company, a new US wealth management venture.
In 2020, FNZ agreed to acquire a majority stake in State Street’s Wealth manager services (WMS) business in the US. Following receipt of the necessary regulatory approvals, the acquisition closed on 1 April.
FNZ Trust Company combines the custody expertise of State Street, which retains a minority interest in the business, with FNZ’s global wealth management platform, which today ser...