Italy’s independent asset manager Azimut Holding posted total net inflows of €6.7bn through 2015 against €5.6bn in 2014, a company statement has revealed.
In the past year, total assets reached € 36.7bn including assets under custody and third-party funds, up from €30bn at the end of 2014.
In 2015 the company paid around €103m ordinary dividends and on June 30 partly repaid the senior loan for an amount of €10m.
The Italian asset manager kept investing in the recruitment of financial advisers through the year, reaching a total of 153 hires in its networks which brought the total number of advisers to 1576.
Addressing shareholders expectations, Azimut’s board said that the company is considering to move its legal headquarters to another EU country, with possibilities including the UK, France, Belgium, the Netherlands, Luxembourg, Austria, Germany, Malta.
The company might consider Switzerland as well.
Pietro Giuliani (pictured), Azimut’s Chairman and CEO, commented: “We are very proud to present these results, the best in Azimut history surpassing all previous records.
“These achievements allowed us to propose a €200m dividend to our shareholders, equivalent to a yield of ca. 8%.
“Last year, we have also strengthened our international presence and set the first stones for important projects aimed at supporting Italian SMEs, such as the Private Debt fund Antares AZ 1 and the close-end fund IPO club, which enhance the initiatives of the Libera Impresa project”.