Mondevo Group Doubles Down on AI with Strategic Acquisition of Meight

ABU DHABI, UAE – November 18, 2025 – Mondevo Group, a rapidly growing ecosystem serving global family offices, has completed the acquisition of Meight, a Singapore-based artificial intelligence development firm. The move signals a significant investment in in-house AI capabilities and a strategic push to establish a “technology moat” within the competitive landscape of wealth management. Meight has been rebranded as MonTech, Singapore, and will function as Mondevo’s dedicated technology division.

The Rise of AI-Native Family Office Services

Mondevo Group has positioned itself as an ‘AI-native’ integrated wealth and innovation ecosystem, a claim supported by a concerted strategy of building AI infrastructure internally rather than relying on external consultants. This approach sets it apart from many competitors who are only beginning to explore the possibilities of AI. “We are not simply adding AI features; we are building an AI-first infrastructure that permeates every aspect of our business,” stated a source within the company. This acquisition of Meight – now MonTech – is a crucial step in realizing this vision.

The company operates three key pillars: Mondevo Wealth, focused on wealth preservation and management; Mondevo Ventures, dedicated to AI-native businesses; and MondeVita, which leverages AI in luxury and lifestyle investments. The integration of MonTech is expected to accelerate innovation across all three areas. The recent launch of ITTIKAR, Mondevo’s AI-native merchant bank, exemplifies this commitment to AI-driven services.

MonTech: Fueling Innovation and a ‘Technology Moat’

MonTech, formerly Meight, brings a team of over 40 AI developers and a track record of delivering more than 20 AI projects across financial services, aerospace, and enterprise technology. This expertise is now fully integrated into Mondevo’s operations. Cristiano Motto, the founder of Meight, has been appointed Head of AI & Technology for Mondevo Group, overseeing the strategic direction of AI initiatives.

According to internal sources, MonTech is already working on building custom large language models, real-time portfolio optimization systems, and automated deal flow analysis capabilities tailored to the specific needs of Mondevo’s family office clients. The company aims to move beyond “product-driven AI platforms” to a “segment-driven AI architecture,” where dedicated AI agents learn and adapt to each family office’s unique investment profile. “The goal isn’t just to automate tasks, but to provide proactive, personalized insights that enhance investment performance and minimize risk,” said a senior AI engineer at MonTech.

The acquisition is also expected to generate significant cost savings. Mondevo Group anticipates eliminating more than $8 million in annual external development costs by internalizing its AI capabilities. This financial boost, combined with the accelerated pace of innovation, is expected to create a substantial competitive advantage. “By owning the technology, we are no longer dependent on external vendors and can respond much more quickly to changing market conditions,” explained an internal source.

A Competitive Landscape Shaped by AI

The broader wealth management industry is undergoing a rapid transformation driven by the adoption of AI. Firms are increasingly using AI to optimize processes, personalize client experiences, improve investment performance, and reduce costs. However, many firms are still in the early stages of AI adoption, relying on external consultants or off-the-shelf solutions. Mondevo Group, with its commitment to in-house AI development, is positioning itself as a leader in this evolving landscape.

“There's a clear shift happening in the industry,” said a source familiar with the competitive dynamics. “Firms are realizing that AI is no longer a nice-to-have; it's a must-have. And those who can build and control their own AI infrastructure will be best positioned to succeed.” The strategic location of Mondevo Group’s global headquarters in Abu Dhabi, a city actively promoting AI innovation, further underscores its commitment to being at the forefront of this technological revolution. Abu Dhabi’s “AI-First Government Vision” and significant investments in AI infrastructure align perfectly with Mondevo’s long-term strategy.

While direct responses from competitors to Mondevo's acquisition have been limited thus far, industry analysts expect increased investment in AI capabilities across the wealth management sector. The acquisition of MonTech is likely to put pressure on competitors to accelerate their own AI initiatives and demonstrate a clear commitment to innovation. “This is a wake-up call for the industry,” commented an external financial technology analyst. “Mondevo is setting a new standard for AI integration, and competitors will need to respond if they want to stay relevant.”