Insider information
Aktia acquires the wealth management operations of Taaleri and companies initiate co-operation supporting the strategy of both parties
On
As a part of the transaction, the parties have agreed on initiating co-operation that supports the strategy of both parties, through which Aktia will be the distributor of Taaleri’s alternative investment products in
In conjunction with the transaction,
Background to the transaction
Asset management is in the core of Aktia’s strategy and acquiring Taaleri Plc’s wealth management operations supports Aktia’s objective to be the best asset manager in
In conjunction with completing the transaction, Aktia and Taaleri have agreed on co-operation in terms of development, distribution, sales and marketing of new alternative investment products. With the transaction, both parties can concentrate on their core know-how, which in an efficient way will be available to both parties.
As part of the transaction, assets under management (AuM) amounting to
“Combining Aktia and Taaleri’s wealth management business operations and the compatibility of the functions create value in several ways both for Aktia’s shareholders and customers as well as employees. Aktia’s asset management product offering will be expanded considerably, and we will have even better capabilities of serving our customers. The customers moving from Taaleri to Aktia will receive even more comprehensive services, including a wide range of banking services”, says Aktia’s CEO,
“The essential thing with the transaction is also the co-operation agreement with Taaleri, which will give our customers access to successful alternative investment products while Aktia offers Taaleri a significant distribution channel. Aktia’s assets under management will increase significantly, which further strengthens Aktia’s position on the asset management market. Thus, the transaction is an important step towards our clear target of being the best asset manager in Finland”, Ayub concludes.
“Going forward, Taaleri is investing in renewable energy and other private equity funds that concentrate on alternative investments. We are already one of the leading Nordic actors that concentrate on private equity funds for renewable energy. With the help of the capital from the transaction and the persons transferring to Taaleri we can strengthen and extend our business operations even quicker. The co-operation with Aktia also opens a significant domestic distribution channel for us. The specialisation that the transaction enables will benefit customers, employees and owners”, says CEO of Taaleri,
The completion of the transaction is subject to approvals by the
Entities to be acquired
The companies being transferred to Aktia in conjunction with the transaction are not the Wealth Management segment that Taaleri is reporting on, but Taaleri’s wealth management business that also includes some other arrangements. The pro forma net commission income of the totality to be acquired was approximately
In conjunction with the transaction, approximately 100 persons will move from Taaleri to Aktia and 5 persons working with real estate and infrastructure will move from Aktia to Taaleri.
The following companies are included in the transaction:
Taaleri Wealth Management Ltd , an investment firm that operates under the supervision ofFinnish Financial Supervisory Authority ,Taaleri Fund Management Ltd , a fund management company that operates under the supervision ofFinnish Financial Supervisory Authority ,Evervest Ltd , a company that has built digital asset management solutions, andTaaleri Tax Services Ltd , that offers services related to taxation on owning and is an insurance intermediary that operates under the supervision ofFinnish Financial Supervisory Authority .
Board of Directors
Webcast for analysts and investors and press conference
Aktia is arranging an analyst and investor webcast on
Aktia and Taaleri are arranging a press conference together on
Further information:
tel. +358 10 247 5121
Interview requests:
Lotta Borgström, Director, Investor Relations and Communications
tel. +358 10 247 6838, lotta.borgstrom (at) aktia.fi
Distribution:
Mass media
www.aktia.com
Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next already for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki,
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