EFG Hermes acquires stake in Kenzi Wealth: Our friends at EFG Hermes have acquired an undisclosed minority stake in the Danish digital wealth manager Kenzi Wealth, marking a “significant milestone in EFG Hermes' digitalization vision that promises to usher in a new era of investment opportunities for clients,” according to a joint statement (pdf).

That’s not all: EFG Hermes will leverage Kenzi’s AI tools to streamline the management of investment portfolios and give investors a more personalized experience under an MoU inked between the two sides.

New features coming to EFG platforms? Under the partnership, EFG Hermes will roll out new services to its customers, such as advanced investment risk analytics, investment selection, portfolio construction, and rebalancing, Kenzi’s CEO Mohamed El Masri said. In addition, Kenzi will help EFG Hermes add new features to its online trading platform EFG Hermes ONE as it seeks to transform it into a one-stop investment platform.

ICYMI: EFG Hermes ONE received the green light last month to kickstart a new feature that will let investment portfolios of up to EGP 5 mn register for accounts digitally to trade on the EGX.

What they said: “This significant move marks EFG Hermes's foray into the realm of personalized investment tools using state-of-the-art technology, thereby expanding our portfolio of products and services,” EFG Hermes Global Head of Brokerage Ahmed Waly said.

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