Corient Continues Global Expansion with Acquisition of Geneva-based Bedrock Group
8 Articles
8 Articles
Corient strikes deal to buy European wealth manager Bedrock
Corient has agreed to acquire Bedrock Group, a European wealth manager and multi-family office with offices in Geneva, London, Monaco and Lisbon. Financial terms of the deal remain undisclosed. The transaction remains subject to closing conditions and regulatory approvals. Bedrock was set up in Geneva in 2004 by Ariel Arazi, Maurice Ephrati and David Joory. The firm operates as an independent multi-family office and serves ultra-high-net-worth…
Miami wealth management giant Corient to acquire Bedrock, taking assets to $468bn
Corient, the Miami-based wealth management group backed by Abu Dhabi's sovereign wealth fund Mubadala, has agreed to acquire Bedrock Group, a Geneva multi-family office managing CHF8.4 billion ($10.7 billion), as the US firm continues its streak of acquisitions. The deal, which was announced yesterday, remains subject to regulatory approval. Bedrock is set to be the third significant European acquisition Corient has announced in under eight mont…
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