PE firm buys stake in global independent asset manager
Acquired firm has operations in Switzerland, South Africa and the UAE
Acquired firm has operations in Switzerland, South Africa and the UAE
Company says it has a ‘valuable’ proposition for the sector
Existing fund raising plans broadened to support its growth ambitions
EAM business is facing ‘several major challenges’
Combined group will have CHF3.5bn in AuM
As it hires the managing director of Reyl & Cie’s wealth management business to run the operation
Deal adds CHF1bn in assets under management
It will have an ‘advantage’ over local private banks and independent asset manager, says CEO
It will help the banking giant expand its reach ‘into this fast-growing segment’
It aims to strengthen its global coverage of independent asset managers