The completion of the first phase of the joint project between Kairos and Julius Baer was concluded today, which increased its stake in Kairos to 80%, from the previous 19,9% stake acquired in 2013. This strengthens the strategic partnership which has already contributed over the years to the growth of the Kairos business, which at the end of 2015 reached assets under management of over 8 billion euro.
The second phase of the operation provides for the Swiss bank to place a minority stake in Kairos on the Italian stock market.
Paolo Basilico, Chairman and Chief Executive Officer of Kairos, will continue, together with the other partners and the current management team, to manage the Group's activities independently, pursuing the objective of enhancing customer assets with the best skills and the best products, according to a customer-centric philosophy. The management will maintain a significant stake in the Group even after the listing.
The joint project of Kairos and Julius Baer envisages the development of synergies to accelerate the growth of Kairos outside Italy: thanks to the global distribution platform and the widespread geographical presence of the Swiss partner, Kairos will be able to enhance its boutique business model of investment also at European level, with an integrated offer of consultancy and products of excellence for both private and institutional customers.
