REYL & Cie and 1875 Finance to enter into strategic partnership
REYL - the Swiss diversified banking group controlled since May 2021 by Fideuram - Intesa Sanpaolo Private Banking - and 1875 Finance - a multi-family office and independent asset manager for private and institutional clients headquartered in Geneva - have agreed the terms of a strategic partnership by which REYL will acquire a 40% interest in 1875 Finance.
The partnership will enable REYL and 1875 Finance to play an active role in the accelerating consolidation of the Swiss Independent Asset Management sector, providing further near-term growth opportunities.
The transaction is subject to the approval of FINMA and other relevant regulatory bodies and is expected to complete by the end of 2021.
The strategic partnership between REYL - a Swiss banking group controlled by Fideuram - Intesa Sanpaolo Private Banking - and 1875 Finance confirms Intesa Sanpaolo's strategy of building a world-class Wealth Management & Protection Company.
Last updated 11 August 2021 at 21:21:43