Octogone is a Leading Independent Wealth and Investment Management Firm With a Substantial and Growing Footprint
NEW YORK, NY / ACCESSWIRE / April 29, 2022 / Focus Financial Partners Inc.(NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Octogone Holding SA (together with its subsidiaries, "Octogone"), a leading wealth and investment management firm based in Geneva, Switzerland, will join the Focus partnership. The transaction is expected to close in the third quarter of 2022, subject to customary closing conditions. Octogone will substantially expand Focus' international presence with entry into several new ultra-high net worth markets across the globe.
Since 1995, Octogone has provided wealth management solutions and tailored asset allocation to wealthy individuals and families across Europe, the United States, Latin America and the Middle East. Octogone has built a reputation as a leader in providing independent advice based on a deep understanding of each client's individual needs and objectives. This transaction brings a firm with significant multi-national expertise to the Focus partnership and further expands Focus' international presence.
"Our partnership with Focus is an important step in positioning Octogone for continued strong growth and service excellence to its clients," said Joakim D. Lehmkuhl, Co-Founder and Chairman of Octogone. "This transaction will allow us to maintain our firm's independence and entrepreneurial spirit, and promote a solid future for our clients and employees. Focus' scale and unique value proposition will provide us with capabilities to enhance both our business and services to clients. We are incredibly excited for the future of Octogone with Focus as our strategic partner."
"We are thrilled to welcome Octogone to Focus, establishing our presence in Switzerland," said Rudy Adolf, Founder, CEO, and Chairman of Focus. "Octogone will be our 86th partner firm and is a leader in Swiss wealth management, with significant expertise in working with ultra-high net worth clients. Octogone also has a distinctive international footprint that will enhance our global scale, which spans 4 countries and more than 5,000 principals and employees. Octogone's scope, comprehensive approach to wealth management and impressive leadership team positions the firm to be a platform for future growth in Switzerland and in other key wealth markets abroad. Switzerland is an important strategic priority for us given that it is a global leader in its concentration of wealth management talent."