FNZ gets new shareholder

Singapore-based investment company Temasek has become a sharesholder in platform business FNZ.

Temasek is an investment company with a net portfolio value of S$313 billion (£206 billion) as at 31 March 2019.

FNZ, which specialises in wealth management technology and serves many of the world’s largest financial services companies, will benefit in particular from Temasek’s significant presence and experience in Asia as it looks to grow its business in the region over the coming years.

Temasek joins existing investors Caisse de dépôt et placement du Québec (CDPQ) and Generation Investment Management LLP (Generation), who acquired a majority stake in FNZ in October 2018, in a deal that valued the company at nearly £1.7 billion.