Fubon Financial Holdings, Goldman Sachs and Schroders are set to exit Nutmeg, which will boost JP Morgan Chase's digital wealth management business.

Financial services group JP Morgan Chase has agreed to buy UK-headquartered digital wealth manager Nutmeg, enabling financial services firm Fubon Financial Holdings and investment banks Goldman Sachs and Schroders to exit. Although the companies did not disclose the size of the transaction, a source close to the deal told Reuters it was sized at nearly…

The rest of this content is only accessible to Corporate Venturing: News, Data, and Events - Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.