Mena digital wealth firm eyes European expansion

Abu Dhabi-based digital wealth manager FinaMaze has announced plans to expand into Europe.

It has hired banking European banking expert Michael McManus-Schouchana to spearhead the expansion effort.

McManus-Schouchana has previously worked for JP Morgan and Merrill Lynch in the US and several tech and consulting firms in Europe.

He was most recently regional partner manager at fintech Temenos where he ran the firm’s activities in western and southern Europe.

The move into Europe has been driven by an apparent growing demand for digital wealth services in Europe.

An Accenture survey of 50 executives from European banks found that 94% expect AI-powered tools to become increasingly crucial over the next few years, while 64% are already using the technology or plan to do so within the next three years.

©2023 funds global mena

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