Platform provider FNZ has completed the acquisition of specialised wealth provider Diamos, following the announcement it made in September.
FNZ said the addition of Diamos would further strengthen its global client proposition and represented a further investment by FNZ into Europe.
FNZ will employ more than 1,000 people across Germany, Austria and Switzerland, and over 5,000 globally upon completion.
With more than 100 employees, Diamos' team will provide FNZ with technology expertise in fund administration and alternative investments, along with domain expertise, the firm said.
FNZ group chief executive (CEO) Adrian Durham said: "I am delighted to welcome our new colleagues from the Diamos team into FNZ.
"This successful acquisition reflects our commitment to enhancing our client proposition and helps us deliver our mission to open up wealth, helping everyone invest in their future, on their own terms."
Diamos owner and CEO Wilhelm Velten added: "We are thrilled to be joining the FNZ team, combining our resources and expertise to accelerate growth.
"Our clients and the entire Diamos team will benefit from the investment and global scale that FNZ brings, and we can't wait to get started."
In its September announcement, FNZ said the acquisition would continue to open up wealth in Germany, as Diamos was primarily active in the markets of Germany, Austria, Switzerland, Liechtenstein, and Luxembourg.
Durham said: "We are excited to be making another significant investment in the German wealth management sector and are delighted to partner with the Diamos team, given their successful record and deep knowledge of the market."
FNZ partners with over 650 large financial institutions and over 8,000 wealth management firms in 21 countries including Abrdn, Allianz, Aviva, Barclays, BNP Paribas, Generali, and Lloyds.
The firm has more than $1.5trn (£1.3trn) in client assets on its platform for over 20 million investors worldwide.
