M and A
Deals Of The Day: The Latest In Wealth Management M&A – Cambridge Associates, SIGLO
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The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Global investment firm Cambridge
Associates has agreed to buy SIGLO Capital Advisors, an
alternative investment house based in Zurich.
The transaction, which is subject to clearance from the Swiss
Financial Market Supervisory Authority (FINMA), is expected to be
completed in autumn 2024.
Cambridge Associates said the acquisition – the financial terms
of which were not disclosed – adds a “highly complementary”
alternatives business to its existing private investment
platform.
Founded in 2010, SIGLO provides solutions in alternative
investments including insurance-linked securities, private
credit, hedge funds, and impact investing primarily to pensions
and other institutional and professional clients in
Switzerland.
This is the first time Cambridge Associates has had a Swiss
location. It has offices in Boston; Arlington, Virginia; Beijing;
Dallas; Hong Kong; London; Munich; New York; San Francisco;
Singapore; and Sydney.
“Onboarding the entire SIGLO team and establishing CA’s presence
in Switzerland will further strengthen our commitment to Swiss
and DACH [Germany, Austria and Switzerland] clients,” David
Druley, CEO, Cambridge Associates, said.
