One of the prominent international fintech platforms, iCapital recently confirmed that the company has entered into a definitive agreement with UBS to acquire UBS Fund Advisor LLC. According to the details shared by iCapital, the transaction is expected to be completed during H2 2022.

The mentioned platform of UBS, which is generally referred to as AlphaKeys Funds, currently represents over $7 billion in client assets. iCapital and UBS did not disclose the terms of the latest acquisition agreement.

In 2017, UBS developed a strategic relationship with iCapital and became an investor in the fintech firm. In 2021, both companies expanded the strategic collaboration to digitize the UBS Advisor experience.

“iCapital has a long-standing global relationship with UBS through which we utilize our market-leading technology to facilitate the management of their direct and feeder funds on a single platform and offer their advisors the tools they need to be successful,” said Lawrence Calcano, the Chairman and Chief Executive Officer of iCapital. “We are thrilled to expand that relationship to include management of UBS Fund Advisor and the feeder fund platform.”

In July 2022, UBS announced that Naureen Hassan will join the company as the President of UBS Americas later this year. The financial giant also announced the appointment of Iqbal Khan as the President of Global Wealth Management.

Partnership

Jerry Pascucci, the Global Co-Head of Alternative Investment Solutions at UBS Global Wealth Management, believes that the partnership between iCapital and UBS will support the financial goals of clients.

“iCapital is uniquely qualified to manage the ongoing operations of this platform and service our clients’ existing investments, enabling us to help our financial advisors focus on what’s important – providing personalized advice and solutions to their clients,” Pascucci said.

In 2021, UBS posted a net profit of $7.5 billion with a jump of almost 10% YoY in the company’s operating income.

One of the prominent international fintech platforms, iCapital recently confirmed that the company has entered into a definitive agreement with UBS to acquire UBS Fund Advisor LLC. According to the details shared by iCapital, the transaction is expected to be completed during H2 2022.

The mentioned platform of UBS, which is generally referred to as AlphaKeys Funds, currently represents over $7 billion in client assets. iCapital and UBS did not disclose the terms of the latest acquisition agreement.

In 2017, UBS developed a strategic relationship with iCapital and became an investor in the fintech firm. In 2021, both companies expanded the strategic collaboration to digitize the UBS Advisor experience.

“iCapital has a long-standing global relationship with UBS through which we utilize our market-leading technology to facilitate the management of their direct and feeder funds on a single platform and offer their advisors the tools they need to be successful,” said Lawrence Calcano, the Chairman and Chief Executive Officer of iCapital. “We are thrilled to expand that relationship to include management of UBS Fund Advisor and the feeder fund platform.”

In July 2022, UBS announced that Naureen Hassan will join the company as the President of UBS Americas later this year. The financial giant also announced the appointment of Iqbal Khan as the President of Global Wealth Management.

Partnership

Jerry Pascucci, the Global Co-Head of Alternative Investment Solutions at UBS Global Wealth Management, believes that the partnership between iCapital and UBS will support the financial goals of clients.

“iCapital is uniquely qualified to manage the ongoing operations of this platform and service our clients’ existing investments, enabling us to help our financial advisors focus on what’s important – providing personalized advice and solutions to their clients,” Pascucci said.

In 2021, UBS posted a net profit of $7.5 billion with a jump of almost 10% YoY in the company’s operating income.