Blythe Masters-Led FNZ Said to Weigh Sale of German Banking Arm

Digital wealth management platform FNZ Group Ltd. is considering a sale of its German custody banking arm in a deal that could value the business at more than €500 million ($576 million), according to people familiar with the matter.

The fintech is working with advisers to sell FNZ Bank Deutschland, the people said, asking not to be identified discussing private information. The deliberations are at an early stage and there’s no certainty they will result in a transaction, the people added.