Shanghai based Hywin Financial Holding Group has acquired a U.K. wealth manager and wasted no time in rebranding the firm.
In a statement on their former website (now also rebranded) Azure Wealth announce the details of the acquisition by Hywin Capital (U.K.), who is the new controlling partner.
The mainland Chinese group has more than 20 wholly-owned subsidiaries, over 4,000 staff and Assets Under Management of 100 billion Chinese yuan.
The activity of Hywin covers mainly Wealth and Asset Management in mainland China, Hong Kong, U.S. and the U.K.
Significant Milestone
Following Financial Conduct Authority (FCA) approval for the transaction received on January 11th, Azure Wealth has now been rebranded Hywin Wealth and Shangjia Monica Lin has been appointed as Chairman of the Board.
«This transaction is a significant milestone for us and a strong endorsement for our business. Hywin Wealth, will benefit from this co-operation by contributing to a global wealth management offering and will be able to provide our clients with unique access and insight into the growth markets of Asia» said Massimo Scalabrini Managing Partner.
