Azimut points to Switzerland, purchased Sogenel

AZ Swiss & Partners, a subsidiary of Swiss Azimuth Group, today signed an agreement to acquire the business operations of Sogenel Capital Holding, including all assets, customers, contracts and agreements, which will create a new division within AZ Swiss. "After several years after our first partnership in Switzerland, and following a major reorganization of the Swiss company, we are happy to announce our first funding operation –  Pietro Giuliani, Chairman and CEO of Azimut Holding commented, stating:" The our intention is to become a major operator in Switzerland, attracting private bankers and exporting our partnership model in a rapidly developing market on the legislative and regulatory side. "

Az Swiss was founded in 2012 and last January has received approval from FINMA, the Swiss supervisory authority, to operate through the CISA license. Instead Sogenel was founded in Lugano in 2014 by Crassus, after more than 30 years of experience in the wealth management industry in leading financial institutions.