J.P. Morgan private bank has invested in two Swiss fintechs that were already partners, Edge Laboratories and Evooq. With this investment, both companies gain capital at a critical stage of growth that will help increase resources needed to deliver core portfolio products and initiatives. The fintech companies specialise in software that helps advisers customise portfolios for wealthy clients in Europe, the Middle East, Latin America and Asia. With around 285 staff, the companies work for large banks, wealth managers and pension funds.
Aegis acted as counsel to Edgelab and Evooq, the two Swiss fintech companies, in the context of the strategic investment made by J.P Morgan Private Bank. The team was led by partner Nicolas Béguin (corporate/m&a, pictured) and included senior associate Benjamin Vignieu (corporate/m&a)