Azimut expands in Australia with takeover

AcquisitionItaly-based asset manager Azimut has acquired a financial planning and accounting services firm based in Sydney, Australia. Set up in 2004, Henderson Maxwell employs 12 people and manages 170 million Australian dollars ($128 million) of client funds. The transaction is the latest in a series of deals designed to establish Azimut's business in Australia and follows the acquisition of Dunsford Financial Planning, revealed last month. “We have had an incredible run during 2017 and we believe we will be able to continue to exploit the opportunities offered by the Australian financial practices market for many years to come,” said Sergio Albarelli, chief executive of Azimut Holding. The acquisition was completed by AZ Next Generation Advisory, Azimut's Australia-based subsidiary. ©2017 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

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INTERVIEW: Making a name

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Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.

SINGAPORE ROUNDTABLE: Small nation, big ambitions

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Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.