REYL & Cie to acquire a 40% stake in 1875 Finance.

REYL & Cie, a financial services company, agreed to acquire a 40% stake in 1875 Finance, an alternative aset management firm. Financial terms were not disclosed. "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," François Reyl, REYL Group CEO.