Swiss private banker Yves Bonzon, who was set to join BSI Bank as CIO, will now join Julius Baer. BSI was set to be sold by Brazilian Lender Grupo BTG Pactual. However, as BTG failed to find an investor for BSI, Bonzon changed his mind and joined Julius Baer, where he will start as co-CIO […]
The entrepreneurial spirit and economic boom in emerging countries like China has brought great individual wealth without question, but it has also brought an expectation by many locals that performance from fund investments should keep pace with growth in their businesses – daunting for fund providers where in some cases the enterprise in question has expanded at 20% a year.
Azimut Holding, an Italian asset manager based in Milan, has agreed to acquire a 50% stake in Compagnie de Gestion Privée Monegasque (CGM), a Monaco-based wealth manager with €800m of assets under management.