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Strategic relationship furthers firmwide investments in Fintech and supports the International Private Bank’s agenda to expand client personalized advice
December 15, 2022
London and Lausanne, Switzerland, December 1, 2022 – J.P. Morgan Private Bank today announced a strategic investment, through an affiliated entity, in Edge Laboratories SA (Edgelab) and Evooq SA (Evooq) aimed at strengthening its digital investments capabilities for ultra-high-net-worth clients across Europe, the Middle East, Latin America and Asia.
The strategic investment in Edgelab and Evooq – Swiss-based wealth management software services companies rooted in risk analytics, portfolio construction, optimisation, advisory platforms, and workflow capabilities – supports an existing engagement between J.P. Morgan Private Bank and the two firms, with the overarching goal of providing client advisors digital tools to deliver bespoke portfolios and personalized planning.
“The relationship with Edgelab and Evooq comes at a time of challenging market conditions,” Adam Tejpaul, J.P. Morgan International Private Bank Head of Investments and Engagement, said. “Edgelab’s and Evooq’s multi-asset class risk engine provides our advisors access to powerful risk analytics and ultimate levels of portfolio customization to help clients best navigate markets and make portfolio decisions that support their investment objectives and broader life goals.”
“We are thrilled to partner with J.P. Morgan Private Bank,” said Cédric Ullmo, Edgelab and Evooq CEO and Founder. “With this investment, Edgelab and Evooq gain capital at a critical stage of growth for the companies that will help increase resources needed to deliver core portfolio products and initiatives.”
“The investment comes at a time of increasing digitization in wealth management and follows a multi-year relationship between J.P. Morgan and Edgelab and Evooq,” Martin Marron, J.P. Morgan International Private Bank CEO, said. “I am pleased to solidify our existing relationship with Edgelab and Evooq through this investment as we continue to engage on initiatives to support the International Private Bank’s growth.”
Media contact J.P. Morgan Private Bank:
Jason Lobo, +44 (0) 207 742 7305, jason.s.lobo@jpmorgan.com
Media contact Edgelab:
info@edgelab.ch, +41 44 421 10 81
J.P. Morgan Private Bank provides customised financial advice and strategies to help wealthy clients and their families plan, invest, borrow and bank with intent. Leveraging global capabilities in investing, philanthropy, family office management, credit, fiduciary services, special advisory services and more, the Private Bank brings clients’ investments and financial assets together into one comprehensive strategy to help them achieve their goals and secure the legacy they envision. The Private Bank manages more than $1.8 trillion in assets. More information about J.P. Morgan Private Bank is available at privatebank.jpmorgan.com.
Edgelab and Evooq are two sister technology companies that aim to make investments more accessible and understandable for professional investors and their clients. Our solutions reduce the number of tools wealth managers need to do their job, put important information at their fingertips, automate nearly every manual task and make it easier to exchange information with other service providers. We are trusted by some of the world’s largest banks, along with wealth management companies and pension funds across Europe, Middle East and Asia.
