Focus expands global presence to Switzerland Octogone Holding joins Focus as a new partner company
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Octogone is a leading independent wealth and investment management firm with a significant and growing footprint
NEW YORK, NY / ACCESSWIRE / April 29, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) (“Focus”), a leading partnership of independent fiduciary asset management firms, today announced that it has entered into a definitive agreement Octogone Holding SA (together with its subsidiaries “Octogone”), a leading wealth and investment management firm based in Geneva, Switzerland, will join the Focus partnership. The transaction is expected to close in the third quarter of 2022, subject to customary closing conditions. Octogone will significantly expand Focus’ international footprint by entering several new ultra-high net worth markets around the world.
Since 1995, Octogone has provided wealth management solutions and bespoke wealth allocation to affluent individuals and families in Europe, the United States, Latin America and the Middle East. Octogone has built a reputation as a leader in providing independent advice based on a deep understanding of each client’s unique needs and goals. This transaction brings a company with significant multinational expertise to the Focus partnership and further expands Focus’ international footprint.
“Our partnership with Focus is an important step in positioning Octogone for continued strong growth and excellent service to its customers,” said Joakim D. Lehmkuhl, co-founder and chairman of Octogone. “This transaction will allow us to maintain the independence and entrepreneurial spirit of our company and foster a solid future for our customers and employees. Focus’ scale and unique value proposition will give us the opportunity to improve both our business and our service to clients. We do so incredibly excited about the future of Octogone with Focus as a strategic partner.”
“We are very pleased to welcome Octogone to Focus and to establish our presence in Switzerland,” said Rudy Adolf, Founder, CEO and Chairman of Focus. “Octogone will be our 86thth partner firm and is a leader in Swiss wealth management with significant experience working with very high net worth clients. Octogone also has a strong international presence which will enhance our global reach which includes 4 countries and more than 5,000 directors and employees. Octogone’s scale, comprehensive approach to wealth management and impressive leadership team position the firm as a platform for future growth in Switzerland and other key wealth markets abroad. Switzerland is an important strategic priority for us as it is a world leader in terms of concentration of wealth management talent.”
About Focus Financial Partners Inc.
Focus Financial Partners Inc. is a premier partnership of independent, fiduciary asset management firms. Focus provides access to best practices, resources and continuity planning for its partner firms that serve individuals, families, employers and institutions with comprehensive wealth management services. Focus partner companies maintain their operational independence while benefiting from the synergies, scale, economics and best practices that Focus offers to achieve their business objectives. For more information on Focus, see focusfinancialpartners.com.
About Octogone Holding SA
Founded in 1995, Octogone provides sophisticated, personalized wealth management services. The company offers independent advice in developing solutions tailored to the personal situation of each client. Octogone offers services through a network of international specialists and has offices in Switzerland, the United States, the Bahamas and Luxembourg. The law firm employs over 70 specialists from 18 nationalities and 10 different languages, which underlines its international character. For more information on Octogone, see https://octogone.ch
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements that reflect Focus’s current views with respect to certain current and future events. These forward-looking statements are and will be subject to many risks, uncertainties and factors relating to Focus’ business and business environment that may cause future events to differ materially from these forward-looking statements or the information contained therein. All forward-looking statements in this press release are based on information available to Focus as of the date of this press release. Focus undertakes no obligation to publicly update or revise any forward-looking statements, even if past experience or future changes indicate that the statements expressed or implied by them will not materialize. For more information about risk factors that could affect Focus, see Focus’s filings with the Securities and Exchange Commission.
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