Ex-UBS boss Hamers joins AI wealth management startup Arta Finance

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Hamers, who left UBS final yr, has additionally acquired a stake in Arta, becoming a member of a bunch of early stage traders, together with former Google chief Eric Schmidt.

Led by former Google vp Caesar Sengupta, Arta emerged from stealth in 2022 promising to deliver the form of monetary instruments and merchandise usually reserved for the ultra-wealthy to a wider viewers.

The agency provides shoppers an AI copilot that, claims its web site, is “like having a group of funding analysts, researchers and bankers who’re devoted to serving to you construct and monitor your public market portfolios”.

Arta initially launched for accredited traders within the US earlier than touchdown in Singapore, with plans to enter extra markets, together with India.

In an interview with Bloomberg on his involvement, Hamers says: “My background is basically within the crossroads of the place tech meets finance. What I see right here is my profession coming collectively in serving to these guys.”

Hamers joined UBS in 2020 after 29 years with Dutch lender ING. Nevertheless, he left UBS final yr shortly after it acquired Credit score Suisse, changed by his predecessor Sergio Ermotti.