A former Elliott investment professional is launching a wealth management product targeting younger, underserved high-net worth individuals in the UK.

Alexis Augier, 29, aims to attract sophisticated investors in the finance or tech industry who have money but are “not wealthy enough for UBS,” he said. Vega, a digital platform that seeks to bridge that gap in the market, launches on Tuesday with $8.3 million in seed capital.

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29-Year-Old Targets Market Gap for Rich Individuals ‘Not Wealthy Enough for UBS’