Azimut, one of Europe's largest independent asset managers, agreed to acquire Sanctuary Wealth, a wealth management firm. Financial terms were not disclosed. "Azimut's DNA is made up of independence, entrepreneurship and value creation for both clients and shareholders. We found all these same values in Sanctuary and are thrilled to be partnering with such like-minded professionals. Like Sanctuary, Azimut is fundamentally a growth-oriented company with a long-term vision and partially owned by our advisors and employees which is why we were aligned from day one. We are entrepreneurs committed to helping our partners achieve their greatest business potential by leveraging our long-standing expertise in asset management, private markets, distribution and a global presence in 17 countries around the world," Pietro Giuliani, Azimut Group Chairman.