Reyl & Cie, the banking arm of Geneva-based Reyl Group, has invested in Aspiration.
Founded in 2015, Aspiration is online firm that offers banking, investing and retirement products which are designed to not only the client but also to have a positive social impact around the world.
“Innovation and the entrepreneurial spirit are at the core of Reyl’s DNA. This investment came naturally as we share the same values and vision as the team at Aspiration,” said François Reyl, chief executive of Reyl. “We are aware that one of the banking industry’s biggest challenges lies with developing a digital strategy that will not only focus on acquiring a new client base but also fundamentally enhance the quality, flexibility, pricing and transparency of the services delivered to existing clients. Here we are setting the wheels in motion on both fronts.”
The Reyl Group was founded in 1973. It offers wealth management, corporate & family governance, corporate advisory & structuring, asset services and asset management services. It manages assets of $15 billion and employs 210 people.