REYL & Cie takes 40% stake in Geneva asset manager

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. Co-founders Olivier Bizon, Paul Kohler, Aksel Azrac and Jacques-Antoine Ormond will jointly retain control of 1875 Finance with a 60% stake and remain fully committed to the company's long-term development. As part of the transaction,...