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Reyl Intesa Sanpaolo Acquires Leading Swiss Fund Representative Carnegie Fund Services

Jul 04, 2023about 2 years ago

Acquiring Company

REYL Intesa Sanpaolo

Acquired Company

Carnegie Fund Services

BankingFinanceFinancial Services

Description

REYL Intesa Sanpaolo ("REYL") is proud to announce the acquisition of Carnegie Fund Services SA ("Carnegie"), one of Switzerland's leading Swiss Fund Representatives.

Company Information

Company

REYL Intesa Sanpaolo

About

www.reyl.com Founded in 1973, REYL & Cie is a diversified banking group with offices in Switzerland (Geneva, Zurich, Lugano), Europe (London, Luxembourg, Malta) and the rest of the world (Singapore, Dubai). It manages assets in excess of CHF 26 billion (CHF 39.2 billion including minority interests) and employs around 400 professionals. In 2021, it entered into a strategic partnership with Fideuram - Intesa Sanpaolo Private Banking, a leading European banking player, pursuant to which Fideuram ISP acquired a 69% stake in REYL & Cie. Developing an innovative approach to banking, REYL & Cie serves a clientele of international entrepreneurs and institutional investors through its Wealth Management, Entrepreneur & Family Office Services, Corporate Finance, Asset Services and Asset Management business lines. It has further diversified its activities in the areas of impact investing, through the launch of pure-play impact asset management firm Asteria Investment Managers & Obviam, and of digital banking for mass affluent clients via the incubation of Alpian, an app-based aspiring Swiss bank which obtained its banking license in 2022. In December 2021, REYL & Cie acquired a 40% stake in 1875 Finance, a Geneva-based multi-family office and independent asset manager with over CHF 13 billion of assets under management for private clients. REYL & Cie Ltd is licensed as a bank in Switzerland and performs its activities under the direct control of the Swiss Financial Market regulator (FINMA). Its subsidiaries are also regulated by the FCA in the UK, the MFSA in Malta, the MAS in Singapore, the DFSA in Dubai and the SEC in the United States. SOURCE REYL Intesa Sanpaolo

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