Published on the 04/09/2013 | Written by Newsdesk
Little known Kiwi success story has announced plans to hire 30 new staff for its Wellington office…
FNZ, founded in Wellington in 2002, is possibly one of our quietest Kiwi success stories. It has an impressive client list of internationally recognised and world-leading financial providers, including AMP, ANZ, Standard Life, HSBC and Zurich, to whom it provides a fully customisable and brand-able wealth management platform that offers the financial providers’ clients a single view of their wealth. Together FNZ’s 700 employees and its customers administer some $75.5 billion in assets for tens of thousands of their clients.
Despite having won awards and administering billions in customer funds, the New Zealand-born financial technology provider is not a household name. The wealth management platform provider says it is, “changing the way the world manages its wealth by simplifying and improving the way our customers connect their clients to their financial assets”. It also says that if it is doing its job right, most people will never have even heard of it.
Under the title on its website “Powered by FNwho?” it says, “We’re very proud of the technology we have developed. But if we’re truly doing our job, your clients won’t even know we exist. Lying at the heart of your distribution network, we make new connections, we forge new relationships, we drive new business. And you take all the credit.”
FNZ’s HR director, Daniel Kasmir says, “FNZ has seen rapid expansion over the past 10 years. During this timeframe we have consistently delivered innovative solutions for our clients. One of the key elements of the success we have seen is down to the recruitment of a talented, hardworking and ambitious team.
“As FNZ continues to expand on a global scale, the need to hire the very best people becomes even more essential in achieving our ambitious growth targets.”
FNZ is planning to increase the size of its team in Wellington to support existing business and ensure the company is well positioned for its next growth stage. It will be filling at least 30 new positions, which will be a mixture of software developer, business analyst and test analyst roles.
Kasmir says, “Wellington has a talented workforce, which will ensure that we’re able to recruit the right people with the right skills for FNZ to reach the next stage of development as a business. FNZ is a fast moving company and recruits can expect quick career progression, opportunities to work on cutting edge technologies and international travel.”
In June this year it appointed a new group chairman, Lord Alexander Leitch, who is currently chairman of Bupa, founder and chairman of Intrinsic Financial Services and trustee of the Lloyds Banking Group Charitable Foundation.
Upon his appointment Lord Leitch said: “FNZ has firmly established itself as the scale, industrial strength utility in the platform technology and asset servicing sector in the UK, Australia and NZ. It has played a key role in facilitating and shaping the rapid and successful development of scale in platform-enabled financial services delivery. I am delighted with the opportunity to join FNZ and help shape the business as it continues to expand.”
FNZ is owned by FNZ Employees, H.I.G. Capital & General Atlantic, and is now headquartered in Edinburgh.
