Cyrus Conseil, a French private wealth management firm and family office, has acquired Malherbes Gestion Privée, an independent financial advisor based in Paris.
Cyrus Conseil, which has €2.4bn of assets under management, will record some further €30m of assets with this acquisition.
The firm has announced it will develop itself mainly by external growth in the three coming years. Cyrus Conseil targets other CGPIs (conseillers de gestion en patrimoine indépendant) in France, especially in four areas (Paris, Lyon, North and West of France).
It has plans to double its teams in France and to open two or three offices abroad.