J.P. Morgan's investments in Swiss fintechs

According to a statement released on Thursday, J.P. Morgan Private Bank has invested in two Swiss fintech firms that specialize in software that enables advisers to create personalized portfolios for affluent customers 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 previously partners, no financial information was provided.

Their software focuses on risk analysis, portfolio construction and optimization, and advising platforms.

Edgelab and Evooq Chief Executive and Founder Cedric Ullmo said in a statement: "With this investment, Edgelab and Evooq gain capital at a critical stage of growth for the companies that will help increase resources needed to deliver core portfolio products and initiatives."

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 over $1.8 trillion, has acquired fintech firms OpenInvest and Global Shares and made investments in Kraft Analytics Group and MioTech.

By fLEXI tEAM