Financial technology provider Infront is to acquire Assetmax, the Swiss supplier of multi-custody portfolio management, client relationship management and compliance technology
Infront has noted that the acquisition represents an effort to strengthen its product offering for wealth management customers across Europe. The transaction is expected to be completed by the end of September at the latest, subject to customary conditions.
Infront has seen a significant change in its management over the past 12 months, following the appointment of Zlatko Vucetic as CEO in November 2021. Eli Cathrine Disch was named chief financial officer in February, with Anna Almén appointed chief technology officer in March, while in April, Berry Clemens was given the position of chief revenue officer and Mark Baker named chief marketing officer (CMO).
“We are very excited to welcome Assetmax to the Infront family. We look forward to working closely with its founders and wonderful team to continue their impressive organic growth, while developing best-in-class solutions for buy-side customers”, commented Zlatko Vucetic, CEO of Infront. The Assetmax portfolio management solution will strengthen the Infront Wealth Management suite.
Massimo Ferrari, CEO and co-founder of Assetmax said, “As part of Infront’s pan-European team, we will be able to both enhance our solution for current customers and introduce the Assetmax solution to new customers. European wealth management advisors need the solutions and data that we can provide together. I’m thrilled to be joining the Infront team at this exciting time for European financial markets.”
