Finance

REYL & Cie finalizes the acquisition of a stake in 1875 Finance

“This operation shows that banks and independent asset managers can come together in the framework of innovative partnerships without giving up their economic model or their management autonomy,” said François Reyl.

The Swiss Financial Markets Supervisory Authority (Finma) and the Financial Sector Supervisory Commission in Luxembourg (CSSF) have approved REYL & Cie’s acquisition of a 40% stake in 1875 Finance Holding (“1875 Finance”). This strategic partnership will enable the two companies to increase their combined market share in the field of independent asset managers (IMMs) in Switzerland.

The Swiss Financial Markets Supervisory Authority (Finma) and the Financial Sector Supervisory Commission (CSSF) in Luxembourg have approved the strategic partnership between REYL & Cie, the diversified Swiss banking group partly owned by Fideuram since May 2021 – Intesa Sanpaolo Private Banking, and 1875 Finance, a multi-family office and independent asset manager established in Geneva and dedicated to private clients, through which REYL & Cie acquires a 40% stake in 1875 Finance.

This partnership will enable REYL & Cie and 1875 Finance to create revenue synergies and cross-functional development opportunities. The two companies intend to play an active role in accelerating the process of consolidation of the IFM sector in Switzerland, thus offering new growth prospects in the short and medium term.

The transaction enables REYL to strengthen its private banking activities in Switzerland and internationally and to continue to play a significant role in the overhaul of the Swiss financial centre. It will also strengthen 1875 Finance’s position as a leading independent player in the Swiss multi-custodian wealth management market.

1875 Finance’s entrepreneurial clientele will benefit directly from the skills of REYL’s Corporate Finance business line, whose expertise covers in particular the specialized areas of mergers and acquisitions, structured finance, equity capital market transactions and debt, as well as financing solutions for works of art.

Co-founders Olivier Bizon, Paul Kohler, Aksel Azrac and Jacques-Antoine Ormond jointly retain control of 1875 Finance with 60% of the capital and remain fully committed to its long-term development.

François Reyl, CEO of the REYL Group, says: “We are very pleased with the finalization of this strategic partnership with 1875 Finance, a high-quality player sharing the same entrepreneurial spirit, with a top-notch team and common values. In all areas. This operation shows that banks and independent asset managers can come together in the framework of innovative partnerships without giving up their economic model or their management autonomy. We intend to build a lasting business relationship and create significant synergies between the two entities.”

Paul Kohler, Managing Director and founding partner of 1875 Finance, together with Olivier Bizon (Chairman), Aksel Azrac and Jacques-Antoine Ormond, add: “We are delighted to welcome REYL as a new shareholder, as part of a agreement which opens the doors to development both organically and through acquisitions in Switzerland and abroad. Thanks to this unique partnership, we are maintaining our open architecture and our entrepreneurial economic model appreciated by our customers.”

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