Azimut increases stake in Youmy WM in China's push

Eugenia Jiménez
Azimut increases stake in Youmy WM in China's push

Azimut has signed an agreement with the Chinese manager Youmy Wealth Management aimed at increasing the presence of the Italian Group across China. The agreement focuses on the development of a strategic commercial relationship between Youmy and Azimut's Hong Kong subsidiary as well as an incremental equity participation in Youmy shareholding, subject to regulatory approval from local authorities. Youmy, founded in 2014, is built on an innovative business model based on partnerships wit...

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