Terms of the transaction and agreement have been not disclosed by the firms.
FNZ CEO Adrian Durham said General Atlantic’s international reach and strategic capabilities will add value to FNZ to continue to grow and invest in further innovation, enhance value proposition and remain ahead of wrap platform services and solutions.
HIG managing director Matthias Allgaier said the firm will continue to support FNZ through its next phase of growth and international expansion into Asia and other key geographies.
HIG has a wide clientele base, which includes JP Morgan, HSBC, AMP, National Australia Bank, Friends Life, UBS, Zurich Financial, Close Brothers Asset Management and Barclays Wealth.
GA manages approximately $17bn in capital and has more than 75 investment professionals in Greenwich, New York, Palo Alto, London, Düsseldorf, Hong Kong, Beijing, Mumbai and São Paulo.
