SwissComply, a provider of regulatory services, and Evolute, a fintech company, have agreed to develop a digital platform for asset managers. Prominent Swiss finance experts are sponsors of the merger.
SwissComply and Evolute have agreed to merge in a bid to better meet the demands of asset managers, the two companies said in a statement today.
The new company, based in Zug, will be called Evolute Group and will be managed by Chief Executive Kaspar Wohnlich. Evolute Group has two branches, in Zurich and Lviv (Ukraine).
Former Microsoft Switzerland Boss
Michael Hartweg, the fintech entrepreneur, former Microsoft Switzerland boss Peter A.C. Blum as chairman, and Kathleen DeRose will be members of the board of directors.
Thanks to the merger of the two companies, Evolute Group is convinced to have a unique product for the wealth management industry. SwissComply has provided compliance, risk management, IT and backoffice services to asset managers, family offices and banks since 2013. Evolute has a unique hybrid technology for tailor-made portfolio optimization.
Industrialization of Wealth Management
«We are merging the most innovative approaches in technology with compliance and risk management to a unique and modular solution: regtech and fintechs by the same provider,» said Wohnlich in the statement.
«With our innovative solution we are an important step in the framework of the much discussed digitization and industrialization of wealth management,» Hartweg added.
Evolute Group has 45 employees and is one of the biggest providers of technological and outsourcing solutions for wealth management and asset management in Switzerland.
