Earlier this month, Moonfare partnered with Brown Shipley parent Quintet Group to provide clients with access to private market funds through its end-to-end digital investment platform. Fidelity International also struck a partnership with the firm in 2021.
Alongside Moonfare, platforms such as iCapital, PM Alpha and S64 are also working to develop innovative solutions for private banks and wealth managers to access private markets more efficiently.
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Jüngling currently serves as managing director, COO, and CFO and oversees Moonfare’s R&D, finance, operations and compliance functions.
Before joining Moonfare, he was the chief product officer of digital banking platform N26, and was an angel investor and advisor to early-stage and start-up tech companies. He also spent 12 years at McKinsey & Company consultancy firm, six of those as a partner.
Pauls, who is also the firm’s founder and chair, said: “I have developed a real respect for, trust in, and friendship with Lorenz over the nearly five years we have worked together.
“His intelligence, 360-degree perspective, and uniquely entrepreneurial approach to the technical aspects of broadening private market access dovetails neatly with my own strengths. This move will unlock meaningful efficiencies for us and prove invaluable to the next phase of Moonfare’s growth.”
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Pauls was attracted to the co-CEO model by the experience of working in Moonfare’s collaborative formation and by studies showing that companies run by co-CEOs embarking on technology-based transformations outperform, according to the firm.
Pauls said: “It was a natural fit for the way we already work as a team and company. There are clear opportunities to unlock value from the co-CEO model.”
Jüngling added: “Steffen and I have complementary skillsets, but share the same values. We both believe that a company should leave the world in a better state than it found it, and for us making high-quality investment opportunities accessible to our customers does exactly that. I am deeply grateful for the trust Steffen and the board have placed in me.”
