EightStone and Oclaner announce Merger of Equals
Oclaner Asset Management and EightStone have announced that they are to combine in a Merger of Equals, establishing a new Independent Wealth Management Company in Singapore, named EightStone Oclaner.
The new entity holds a CMS-License, supervised by the Monetary Authority of Singapore, being the product of two established Independent Wealth Management firms in the market.
EightStone Oclaner boasts a cumulative track record of 15 years, with over USD1 billion under management, and will continue to serve international families, institutions and high-net-worth individuals around the globe.
Ivo Bartoletti, Founder of Oclaner, has said that “The merger is rooted in our continued commitment to provide independent investment solutions to our clients. Our companies are similar in their business model and client base yet have multiple areas of synergies that go beyond economies of scale. Combining our strengths translates into greater intellectual firepower and greater diversity of skills.”
Cyril Malapert, Co-Founder of EightStone, added that “During our initial due diligence phase, we found out that not only did we share common ethics and professional standards, but also displayed significant complementarity among our investment professionals. It seemed natural that joining forces would present efficiencies and new growth opportunities in our expanded network.”
He continued, saying that “Leveraging our strengths will enable us to tap into new markets while continuing to deliver consistent returns for our clients.”
Malapert will be the CEO of the newly formed EightStone Oclaner, with Bartoletti to assume the role of Vice-Chairman of the Board of Directors. Oliver Destandau of EightStone and Sylvain Baude of Oclaner Asset Management have also been revealed to be Co-CIOs of the new business entity.
Cyril Malapert, Co-Founder of Eightstone, added that “During our initial due diligence phase, we found out that not only did we share common ethics and professional standards, but also displayed significant complementarity among our investment professionals. It seemed natural that joining forces would present efficiencies and new growth opportunities in our expanded network.”
He continued, saying that “Leveraging our strengths will enable us to tap into new markets while continuing to deliver consistent returns for our clients.”
Malapert will be the CEO of the newly formed Eightstone Oclaner, with Bartoletti to assume the role of Vice-Chairman of the Board of Directors. Oliver Destandau of Eightstone and Sylvain Baude of Oclaner Asset Management have also been revealed to be Co-CIOs of the new business entity.
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