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J.P. Morgan Private Bank invests in two Swiss fintech firms
Partnership with Edlab and Evooq seeks to provide client advisers with digital wealth management tools
The Asset 2 Dec 2022

J.P. Morgan Private Bank has announced a strategic investment in Edge Laboratories and Evooq to strengthen its digital investment capabilities for ultra-high-net-worth clients across Europe, the Middle East, Latin America and Asia. The amount of investment and other financial terms of the deal were not disclosed.

Edgelab and Evooq are Swiss-based fintech companies providing wealth management software services, particularly in risk analytics, portfolio construction, optimization, advisory platforms, and workflow capabilities.

The partnership with the two firms, which has been going on for years even before the latest investment, seeks to provide client advisers with digital tools for delivering bespoke portfolios and personalized planning.

“The relationship with Edgelab and Evooq comes at a time of challenging market conditions,” says Adam Tejpaul, international head of investments and engagement at J.P. Morgan Private Bank. “Edgelab’s and Evooq’s multi-asset-class risk engine provides our advisers access to powerful risk analytics and ultimate levels of portfolio customization to help clients best navigate markets and make portfolio decisions that support their investment objectives and broader life goals.”

Cédric Ullmo, founder and chief executive officer of Edgelab and Evooq, says the investment will provide the two companies with capital to help increase their resources to deliver core portfolio products and initiatives.

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