Source: Genpact has completed its acquisition of the Citibank OpenWealth platform, establishing its presence in the wealth platform market for consumer administration in the UK. The transaction is subject to regulatory approvals and will be finalised by early next year. The company is set to continue performing well, fueled by regulatory changes which mandate transparency and alignment of interest between advisors and clients as well as pension tax reforms.
Genpact has completed its acquisition of the Citibank OpenWealth platform, establishing its presence in the wealth platform market for consumer administration in the UK. The transaction is subject to regulatory approvals and will be finalised by early next year. The company is set to continue performing well, fueled by regulatory changes which mandate transparency and alignment of interest between advisors and clients as well as pension tax reforms.