Ralph Hamers, the former CEO of UBS, has joined Arta Finance as a senior advisor.
Arta Finance is a digital wealth management startup founded by ex-Google executives. The company aims to democratize wealth management for clients with assets exceeding $1 million by utilizing artificial intelligence.
The startup has launched its services in the United States in 2023 and has managed hundreds of millions in assets for thousands of clients. With the strategic guidance of Ralph Hamers, Arta Finance plans to expand globally, starting with its global debut in Singapore and further expansion into markets such as India.
Arta Finance leverages AI technology to enhance efficiency, transparency, and personalization in wealth management. The company has introduced AI Copilot, a suite of tools that mimics the functions of private bankers and investment analysts.
Financial institutions can integrate Arta's AI tools and investment services into their offerings through the company's B2B solution. This technology-driven approach aims to cater to a broader audience and redefine how wealth management services are delivered.
Ralph Hamers is not only a senior advisor but also an investor in Arta Finance, along with former Google CEO Eric Schmidt and Mastercard CEO Michael Miebach.
Arta Finance's global debut in Singapore marks the beginning of its expansion plans. The company's focus on technology-driven solutions positions it well to capitalize on the increasing importance of AI and digital solutions in wealth management.