Azimut Holding

Last updated
Azimut Holding S.p.A.
Company type Società per Azioni
BIT:  AZM
FTSE MIB Component
Industry Financial
Founded1990;34 years ago (1990)
Headquarters Milan, Italy
Key people
Pietro Giuliani (Chairman), Gabriele Blei ( CEO ), Massimo Guiati ( CEO ), Paolo Martini ( CEO ), Giorgio Medda ( CEO ), Alessandro Zambotti ( CEO and CFO )
Products asset management; wealth managements; investment banking s; fintechs
Increase2.svg €402 million (2022)
Number of employees
1,441 (2022)
Website www.azimut-group.com
Footnotes /references
[1]

Azimut Holding is an independent, global group in the asset management, wealth management, investment banking and fintech space, serving private and corporate clients.

Contents

Azimut Holding S.p.a.is listed on the Milan Stock Exchange (AZM.IM) since July 7 2004 and is a member of the FTSE MIB index.

The Group has various companies active in the sale, management and distribution of financial and insurance products, with registered offices mainly in Italy, Australia, Brazil, Chile, China (Hong Kong and Shanghai), Egypt, Ireland, Luxembourg, Mexico, Monaco, Portugal, Singapore, Switzerland, Taiwan, Turkey, UAE and USA.

At the end of December 2023, total assets amounted to 90.8 billion euros. [2]

History

At the end of the 1980s, the first management company was founded under the name Azimut as part of Akros Finanziaria.

In 1990, a few months after the arrival of Pietro Giuliani, the Group's current chairman, the project from which the current Group was born came to life.

In 1998, Bipop-Carire acquires Azimut.

At the end of the 1990s, the Luxembourg management of AzFund (now Azimut Investments) starts.

In 2001, as a result of the restructuring of Bipop Carire, Azimut buys the company supported by Apax Partners. About 700 people invest in the MBO completed in June 2002.

In 2001 the regional distribution companies merge into Azimut Consulenza SIM (now Azimut Capital Management SGR).

In 2004 the holding company, Azimut Holding SpA, is listed on the Milan stock exchange.

AzLife (now Azimut Life) insurance company is established in Ireland and hedge management in Italy begins.

In 2010, Azimut Holding's stock entered the FTSE Mib index, and in the same year the Group began international expansion.

Between late 2010 and 2011, Azimut launches offices in Shanghai, Hong Kong, and Turkey and strengthens its position in Europe with a presence in Munich and Switzerland.

In 2013 it expands to Taiwan, Brazil, and Singapore.

In 2014 it signs its first acquisition in Mexico and enters the Australian market. It also launches a project in the area of alternative investments in private markets, later establishing a dedicated company, Azimut Libera Impresa SGR.

In 2015 he enters Chile and in 2016 the United States, in Miami. Two years later it starts a presence in the United Arab Emirates.

In 2019 it enters Egypt and starts Azimut Alternative Capital Partners in the United States with the aim of creating partnerships with management companies specializing in alternative investments.

In 2022 it opens an office in Portugal.

Economics data

The Group recorded total net inflows of €8.5 billion in 2022, of which about half (€4.3 billion) was directed into asset management products. [3]

At the end of December 2023, total assets amounted to 90.8 billion euros. [2]

Stockholding

The stockholding reported to Consob is as follows: [2] [4]

·      3% Own shares

·      Over 1,900 managers, employees and financial advisors bound by a shareholders’ agreement that controls ca. 21% of the company

·      75% is free float

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References

  1. ↑ "Press releases at 9 march 2023". Azimut.
  2. 1 2 3 "Press releases - 11 January 2024".
  3. ↑ "Press releases - 9 march 2023".
  4. ↑ Shareholding percentages coming from what is disclosed by shareholders in accordance with Article 120 of the TUF. Minor portions of the shareholding may be indicated directly by the company through other sources.


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