Italy's Azimut eyes partner for planned fintech bank
Posted on Thursday March 28, 2024

Italian asset manager Azimut Holding set out plans on Thursday to spin off part of its network of financial advisers and merge it into a new digital bank, adding it was looking at outside investors taking a stake of up to 50% in the new unit. Azimut said the plan was to list the business within the next 6-9 months in a move that would boost the value of their investment for existing shareholders. Presenting the plan, Chairman Pietro Giuliani said it had already drawn interest from banks who might want to invest.

Azimut Alternative Capital Partners Expands GP Stakes Business with Additions of Investors Michael Shedosky and Brian Farrell respectively as Managing Director, Co-CIO and Executive Director in New York
Posted on Friday November 17, 2023

NEW YORK & MILAN, November 17, 2023--Azimut Alternative Capital Partners ("AACP"), Azimut’s private markets subsidiary in New York, announced today a key strategic expansion of its GP stakes business with the addition of two senior hires on the investment team. Michael Shedosky and Brian Farrell join AACP from Morgan Stanley where they were leading the GP Capital Solutions team and will be responsible for the sourcing, evaluation and execution of new investments, reporting to Jeffry Brown, CEO a

Mark Bezos, David Moross invest in Azimut as it ups HighPost stake
Posted on Tuesday October 17, 2023

Mark Bezos, brother of Amazon's Jeff Bezos, and David Moross will become investors in Azimut Holding as the Italian asset manager raises its stake in their private equity firm HighPost Capital, Azimut said on Tuesday. Under the agreement, the Italian group's U.S. arm Azimut Alternative Capital Partners will buy a further 2.5% of HighPost Capital, raising its overall stake to around 15%. Founders Moross and Bezos will use "a relevant portion" of the proceeds from the deal to buy shares in Milan-listed Azimut Holding, the group said without disclosing the size of their investment.

Italian asset manager Azimut targeted by BlackCat hackers
Posted on Monday July 24, 2023

MILAN (Reuters) -Italian asset manager Azimut said on Monday it had suffered a cyberattack that did not harm its customers' sensitive data, and had received a ransom request which it rebuffed. Israeli hacking monitoring start-up DarkFeed said the attack was carried out by BlackCat, the same ransomware group which in September stole large amounts of data from state-owned Italian energy services firm GSE. Tel Aviv-based DarkFeed said on its website that Azimut had been hit on July 21, listing it as one of BlackCat's 477 victims.