Marcel Ospel and Others will Invest CHF 10m into Swiss Wealthtech Evolute
Summary
A consortium of renowned investors will invest over the next three years a total of up to CHF 10 million in the further development of the digital Swiss wealth management platform Evolute. Finews reports that Marcel Ospel (former UBS CEO) and Urs Wietlisbach (Founder Partners Group) are among the investors. This growth is driven by its existing and new clients, among them Finaport, VT Wealth Management and LimmatWealth. The Evolute team plans major platform updates in 2019 with innovations such as a mobile advisory solution, managing and reporting non-bankable and crypto assets in one single portfolio view and integration of the product marketplace. The Board of Directors remains unchanged with Michael Hartweg (Chairman and CEO ad interim), Patrick Barnert and Kathleen DeRose.