Aion Bank acquires the robo-advisor ETFmatic

Aion Bank, a Brussels-based full-service digital bank, took over ETFmatic, a London-based robo-advisor and partner of Aion, last year.

The deal has been approved by the UK’s Financial Conduct Authority (FCA). ETFmatic’s proprietary investment platform and management team will be integrated into Aion’s operations.

However, ETFmatic will maintain its existing brand in all markets in which the company currently operates and investments by existing customers will continue …

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