M and A
Summary Of Mergers, Acquisitions In Wealth Management – January 2023
.jpg)
A brief recap of M&A moves in the Asia-Pacific wealth space.
Hong Kong-listed DL Holdings Group acquired its family office. The purchased entity is called DL Family Office HK. The group said it became the first listed company in Hong Kong to “link family offices, investment banks and alternative investments together.”
The DL Family Office organisation, which was established in 2012, is based in Hong Kong, with offices in mainland China, Singapore and North America.
Indosuez Wealth Management acquired 70 per cent of Wealth Dynamix, the London-based fintech founded in 2012 which provides client lifecycle management solutions to private banks, wealth management and asset management firms. Both firms operate in Asia.
The financial size of the stake was not disclosed.
The firm’s majority stake deal extends the collaboration initiated in 2019 between Indosuez, its subsidiary Azqore, which specialises in outsourcing information systems and processing banking operations for private banking and wealth management players, and Wealth Dynamix.
