Azimut to take majority stake in Brazilian wealth manager Unifinance

Azimut Group has agreed to acquire a majority interest in Brazil-based wealth management firm Unifinance Group, further extending its presence in the market. In a statement, Azimut described Unifinance as having a “strong” position in wealth management for the ultra-high-net-worth (UHNW) category. The Italian asset manager also outlined Unifinance’s “significant” reach among institutional clients, including closed pension funds and insurance companies. The deal will be executed via a share swap in Azim ...