Wealth Dynamix offers CLM solutions to private banks, and wealth management and asset management firms, and has developed solutions that enhance the operational efficiency of the relationship between the banker and its client
Indosuez Wealth Management, the wealth management unit of Crédit Agricole, has acquired 70% stake in client relationship management fintech Wealth Dynamix, for an undisclosed sum.
Established in 2012, Wealth Dynamix offers Client Lifecycle Management (CLM) solutions, including WDX1 and CLMi, to private banks, and wealth and asset management firms.
WDX1 is an adaptable CLM solution that addresses the complex CLM requirements of large private banks and the wealth and asset management divisions of global financial institutions.
CLMi is a cost-effective, cloud-based SaaS CLM solution that services mid-size discretionary fund and investment managers who need rapid deployment, and easy maintenance.
With the support of Indosuez, Wealth Dynamix is enabled to advance its development, benefit from Indosuez’ scale and stability, while maintaining independence and agility.
Wealth Dynamix chief executive officer Gary Linieres said: “I am delighted that Wealth Dynamix has become part of the Indosuez team. We have been working strategically with Indosuez and Azqore for a number of years.
“We can now further deepen our relationship. Crucially, this partnership allows us to retain our agility and entrepreneurial spirit whilst simultaneously leveraging the strength an organisation like Indosuez group provides.
“This will allow us to better service our current and future clients, accelerate the evolution of our products and ultimately provide us greater opportunity for growth.”
The acquisition of majority stake builds on an existing collaboration between Indosuez, through its subsidiary Azqore, and Wealth Dynamix.
Azqore is a digital service provider specialising in Information System outsourcing and banking transaction processing for the wealth management industry.
The transaction is expected to strengthen Azqore’s position in the outsourced banking services market, and complement its platform in client relationship management area.
It will also enable the company to advance the integration of new technical skills and to benefit from the agility of this profitable fintech.
The acquisition will also provide synergies and create additional value, which enables Azqore to expand into new client segments, including small and medium-sized players.
Indosuez Wealth Management chief executive officer Jacques Prost said: “This operation, which reinforces Indosuez’s innovation dynamic, will enable Azqore to broaden its offer and strengthen its value proposition, thus contributing to its attractiveness in its market.
“It will also benefit the development and transformation of all its partners by allowing for more personalisation, digitalisation and autonomy for their clients.”