The mergers and acquisitions in the wealth sector that happened in Europe, Middle East and select jurisdictions.

Tiedemann Group, the US-based multi-family office, wrapped up its acquisition – first announced in 2021 – of London’s Alvarium Investments, having finally won shareholder approval last November. The combined company now operates as Alvarium Tiedemann Holdings and its Class A common shares and warrants began trading on NASDAQ. The enlarged firm now runs or advises on about $60 billion in combined assets.

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. 

FNZ, the global wealth management platform, agreed to acquire YieldX, a US-based provider of fixed income portfolio management technology, optimisation services and direct indexing tools for the wealth sector. The financial terms of the acquisition were not disclosed.

Founded by Adam Green and Steve Gross in 2019, YieldX is based in Miami and has an office in New York. It services clients from top-tier wealth and asset managers, to B2C financial services and technology providers operating across the globe. Following the acquisition, Green joined FNZ as CEO of asset management, and Gross joined FNZ as head of asset management Strategy. FNZ administers more than $1.5 trillion in client assets representing over 20 million investors worldwide. It partners with over 650 large financial institutions and 8,000 wealth management firms in 21 countries, including abrdn, Barclays, Colonial First State, Envestnet, Generali, Lloyds Bank, Santander, and Vanguard.

Saffery Champness, a provider of fiduciary services including estate planning, wealth protection, investment structuring and corporate services, completed its acquisition of Holdun Trust, following regulatory approval from the Cayman Islands Monetary Authority. The combined business operates as Saffery Trust (Cayman) Limited. Saffery Champness first established a Cayman offering in 2020. 

Directors Zoe Day and Fiona Pileta of Holdun Trust joined the firm, alongside newly-appointed senior business manager Laura Homer. Following completion of the acquisition of Holdun Trust, Saffery Champness also announced the appointment of Andrew Needham as an independent director in Cayman. The Saffery Trust (Cayman) offering is led by Paul Tucknott, managing director of Saffery Champness in Geneva, and Lisa Vizia, director of Saffery Champness in Guernsey.

The boards of directors of Nucleus Clyde Acquisition, a wholly-owned subsidiary of Nucleus Financial Platforms, reached agreement on the terms of a recommended cash acquisition of Curtis Banks Group. Under the terms of the acquisition, Curtis Banks shareholders would receive 350 pence in cash for each Curtis Banks share, a 32.1 per cent premium to the closing price before the offer period starts, representing a total equity value for Curtis Banks of approximately £242 million ($289 million) on a fully-diluted basis.

First Abu Dhabi Bank, the United Arab Emirates-based lender ceased trying to buy UK-listed Standard Chartered, having once considered making a bid. It had been reported that FAB had been considering making an offer for the group to build an emerging markets' bank. The report boosted Standard Chartered’s share price up by as much as 20 per cent at one point. Shares later retreated after FAB said it was not considering a deal.