PR91009

GENEVA, Switzerland, Aug. 5, 2021 /PRNewswire=KYODO JBN/ --

- REYL & Cie ("REYL"), the Swiss banking group part of Fideuram – Intesa

Sanpaolo Private Banking ("Fideuram - ISPB"), and independent asset manager

1875 Finance have entered into an agreement whereby REYL will acquire a 40%

interest in 1875 Finance Holding ("1875 Finance")

- The two firms will implement a strategic partnership designed to raise their

combined market share in Independent Asset Management (IAM) activities in

Switzerland, foster cross-selling opportunities and synergies, and leverage

1875 Finance's business model to become an active player in the consolidation

of the Swiss IAM sector

- The transaction is subject to the approval of FINMA and other relevant

regulatory bodies and is expected to complete by the end of 2021

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, REYL and 1875 Finance will enter into a business

partnership whereby REYL, backed by Fideuram - ISPB, will act as preferred

partner for 1875 Finance and its clients across a broad spectrum of products

and solutions in Wealth Management, Asset Management, Corporate Advisory &

Structuring and Asset Services. REYL will leverage 1875 Finance's leading

position in the Swiss Independent Asset Management market as well as its

diversified private and institutional client base. The transaction will bring

benefits to both firms in numerous growth areas and will further strengthen

1875 Finance's independent multi-custody and wealth management franchise.

The partnership, which remains subject to FINMA's and other regulatory bodies'

approvals, will enable REYL and 1875 Finance to play an active role in the

accelerating consolidation of the Swiss Independent Asset Management sector,

providing further near-term growth opportunities. It will allow REYL to

strengthen its private banking activities in Switzerland and internationally,

and to continue to play a meaningful role in the reshaping of the Swiss

financial marketplace.

Francois Reyl, REYL Group CEO, said: "We are excited about this strategic

partnership with 1875 Finance, an established leader in the Swiss IAM segment

with assets under management exceeding CHF 11 billion. This transaction sets a

precedent in the ongoing consolidation of the sector and shows that banks and

IAM can establish innovative partnerships where both parties benefit from

multiple growth opportunities for their respective client base without

relinquishing their business model, management autonomy or franchise. We expect

to build a lasting business relationship and to create powerful synergies

between the two entities. In 1875 Finance we have found a highly compatible

partner with a shared entrepreneurial mindset, a first-rate team and common

values throughout."

Paul Kohler, CEO and founding partner of 1875 Finance jointly with Olivier

Bizon (Chairman), Aksel Azrac and Jacques-Antoine Ormond, said: "We are

delighted to welcome REYL, part of the Intesa Sanpaolo group, as our new

shareholder and to add an exciting new chapter to 1875 Finance's 15-year

history. 1875 Finance was already a precursor when it obtained FINMA approval

in 2014. Through this groundbreaking partnership, we retain our full open

architecture and entrepreneurial business model cherished by our clients. We

will also benefit from new processes, products and services to accelerate the

development of our core Wealth Management, Family Office and Institutional

business lines and to provide enhanced value-add to our clients. 1875 Finance

will remain an independent asset manager regulated by FINMA with the ability to

grow both organically and via acquisitions in Switzerland and abroad, with the

support of our new shareholder."

REYL Corporate Advisory acted as financial advisor to REYL on the transaction.

1875 Finance was advised by Deloitte. Schellenberg Wittmer acted as legal

advisor for both REYL and 1875 Finance.

About REYL: www.reyl.com

About 1875 Finance: https://1875.ch/

About Fideuram - Intesa Sanpaolo Private Banking:

https://www.fideuram.it/gruppo

Logo: https://mma.prnewswire.com/media/1307210/REYL_Logo.jpg

Media contacts

REYL & Cie Ltd        

Jerome Koechlin          

Head of Communications  

Tel: (+41) 22 816-8177    

1875 Finance SA

Daniel Pasquier

C-Matrix for 1875 Finance

Tel: (+41) 22 732-6289

Source: REYL Group