CPP announces investment in FNZ
More than 20 million people from all wealth sectors, including savings and retirement, the affluent and high-net-worth, are now able to accumulate wealth through long-term investments, aligned with their priorities, and on their own terms, the partnership of FNZ Thank You for. 650 Financial Institutions.
Technology, infrastructure and investment operations are all integrated into a single state-of-the-art platform, allowing FNZ’s institutional clients to create hyper-personalized and innovative products and services that are fully responsive to their clients’ needs.
By increasing R&D and driving expansion in markets such as North America that FNZ has just entered, raising capital will help FNZ accelerate its growth even further. CPP investment in this project is earning a total of $1.1 billion.
FNZ has grown at an alarming pace since its founding in New Zealand in 2003. It has increased its assets under management seven-fold over the past five years, from US$212 billion to over $1.5 trillion.
The company now works with 650 important financial institutions and 8,000 wealth management businesses in 21 countries, including Allianz, Aviv, BNP Paribas Cardiff and Vanguard. As FNZ expands its market penetration, it expects to capture a larger share of the global money market, which is estimated to be worth around US$100 trillion.