FNZ Group is considering selling its German custody banking subsidiary, FNZ Bank Deutschland, for up to €500m ($579m). The London-based digital wealth management firm acquired the German business in 2019 for €154m ($178m) and currently oversees approximately €140bn in assets. The potential sale follows recent moves by FNZ to adjust its business strategy under CEO Blythe Masters, who recently secured $650m in new equity funding. Masters aims to focus on areas that directly support FNZ’s core wealth platform capabilities and prioritize profitable growth and streamlining operations.

Read more at Yahoo Finance: FNZ considers sale of FNZ Bank Deutschland- report