Lugano-based financial group Copernicus Holding has made an offer for the full acquisition of Thalia, an alternative investment manager specialised in hedge funds also located in Lugano.
The purchase of Thalia by Copernicus, subject to Swiss supervisory authority Finma’s approval, aims to create “a center of competence and excellence in the fields of asset, wealth and risk management” in the canton of Ticino.
Thalia’s entire team will join Corpernicus and Maggie Rokkum-Testi, current CEO of Thalìa, will assume the role of chief investment officer within Copernicus Asset Management.
The deal will also enable the Lugano boutique to expand its alternative product offering, that will complete the traditional fund range of the group.
Commenting the transaction, Marco Boldrin, CEO of Copernicus, said: “I am extremely satisfied with the acquisition that will allow the group to achieve its objectives ahead of plan. The project that is now being implemented aims at strengthening and consolidating the Group within the Ticino financial center, with the goal of making Copernicus a leading player in the domestic market, thanks to its skills, experience and size.”
Copernicus was established at the start of 2017 and includes two subsidiaries, Copernicus Asset Management and Copernicus Wealth Management and Services. It targets primarily institutional and private ultra-high-net-worth-individuals.