Two Swiss Fintechs are Funded by J.P. Morgan Private Bank.

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According to a statement released, J.P. Morgan Private Bank has invested in two Swiss fintech firms that specialize in software that enables advisers to create custom portfolios for affluent clients in Europe, the Middle East, Latin America, and Asia.

Regarding what it referred to as a “strategic” investment in Edge Laboratories SA and Evooq SA (Evooq), which were already partners, no financial information was provided. Their software focuses on risk analysis, portfolio construction and optimization, and advisory platforms.

With a combined 285 employees, Edgelab and Evooq serve major banks, wealth managers, and pension funds.

Since 2021, J.P. Morgan Private Bank, which oversees approximately $1.8 trillion, has acquired fintech firms OpenInvest and Global Shares and made investments in Kraft Analytics Group and MioTech.

Reuters.

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