Bank of Italy signs off Kairos Julius Baer Sim

The Bank of Italy has signed off the merger of Kairos and Julius Baer Sim and officially begun the private banking partnership aiming at creating an Italian private bank that takes care of asset management and counseling.

Kairos Partners SGR will keep taking care of asset management activities

Following the operation Kairos has acquired 100% of Julius Baer Sim, while the Swiss group has obtained a minority interest of 19.9% of Kairos.

 

 

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