Privé Technologies recently announced it hasclosed an agreement to acquire Axial Partners Limited, an independent managed accountsplatform, previously backed by a consortium including Blackrock, Credit Suisse Asset Management, Morningstar and other investors. The acquisition, which was concurrent to a recent investment round, will enable Privé to scale-up its turnkey asset management solution with enhanced scalability in the segregated managed account business segment and capability in direct indexing. Founded in 2016, Axial enables wealth managers to efficiently implement customized separately managed accounts for clients based on investment strategies of leading asset managers, indices and multi-asset portfolios. Under investment and backing from industry leaders in asset management, venture capital and investment research, Axial provides a flexible platform to provide first-of-its-kind managed account experience in Asia. The addition allows Privé to unlock a new value proposition of providing strategies-in-a-box and puts the fintech company in prime position to service the wealth management sector, as discretionary portfolio management becomes a mainstay in Europe and Asia. Julian Schillinger, the CEO of Privé noted, “The separately management accounts and wealth management experience supplied by Axial will become part of the Privé platform, formulating a network of integrations that provides proprietary access to FinTech solutions on account management, portfolio health check and wealth planning that allows investors to enjoy a seamless digital wealth management journey.”For more information about Axial’s offerings and services, please visit their website, www.axial-partners.com. You can also learn more about Privé’s wide network of digital solutions at our website, www.privetechnologies.com. DISCLAIMER: This press release is for information purposes only. Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Privé does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will Privé and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages. Privé assumes no obligation to update any information contained herein.