Recently, the U.K. Azure Wealth Management Co., Ltd. (hereinafter referred to as Azure) officially announced that Hywin Asset Management (U.K.) Co., Ltd. of Hywin Financial Holding Group has completed the acquisition of Azure, becoming its 100%-controlling shareholder. Azure was officially renamed as Hywin Wealth Management (U.K.) Limited Partnership. As soon as Bloomberg News released the announcement, many U.K. financial media outlets and local enterprises expressed warm congratulations.
Hywin completed the acquisition of Azure at the beginning of February, when Hywin Asset Management (U.K.) Co., Ltd. Chairman Lin Shangjia signed the relevant documents with the senior management of Azure.
Azure has decades of rich experience in the private banking and family office fields. Since the beginning, the same Azure elite group has been providing clients with one-to-one wealth management services. Azure is an asset management company with all the required licenses approved by the U.K. FCA. It cooperates closely with over fifty global leading banks, broker-dealers, asset custody and trust companies, and provides clients with one-stop carte blanche investment management services.
The acquisition of Azure is an important move in Hywin’s international strategy layout, improving Hywin’s investment research and asset management ability. By acquiring Azure, Hywin has attained professional investment management qualifications certified and authorized by the U.K FCA, so it can provide wealth and asset management services to high net-worth clients and agencies across the U.K. and the world.
The next step for Hywin is to drive the development of private banking and family office business in China and fully employ its professional advantages to provide high-quality services to agencies and individuals who have wealth management demand.