The independent financial group GVC Gaesco has formalized the integration of Diagonal Asset Management, a Collective Investment Institution Management Company (SGIIC), in a strategic operation that strengthens its positioning in the Wealth Management area and enhances its presence in Barcelona and the Levante region, thanks to Diagonal AM’s offices in Barcelona and Murcia.
The transaction, subject to obtaining the necessary regulatory approvals, has been structured through a mixed formula that includes a share exchange and cash payment, ensuring the alignment of interests between both entities and reinforcing the involvement of Diagonal AM’s founding partners in the joint project. These partners are also joining the financial group’s management team, actively participating in the design and execution of the new business plan.
A high value-added project
With this integration, both entities combine their complementary strengths and values to build a comprehensive, interdisciplinary, and highly personalized service offering. The new business plan will prioritize wealth planning, personalized portfolio management, and the development of financial solutions tailored to each investor profile.
For Maria Àngels Vallvé i Ribera, Executive Chairwoman of the GVC Gaesco Group, “this integration agreement with Diagonal Asset Management marks a milestone for our group. Not only do we expand our management and advisory capacity, but we also add talent and strengthen leadership to undertake a new stage of sustainable and professionalized growth.”
From Diagonal AM, Marc Ciria, Executive Chairman and founding partner, stated that “the transaction consolidates the values and experience we have developed in wealth advisory and multi-family office services. It is an exciting challenge that we face with enthusiasm and commitment.”
Consolidated figures and growth potential
With the incorporation of Diagonal AM, which brings a solid track record and assets under management of €700 million, the GVC Gaesco group reaches €5.2 billion in assets administered and managed, thus consolidating its position as a benchmark in the independent financial advisory sector.
Supported by an enhanced value proposition, focused on consolidating a multibooking business model and opening a new phase of growth, the group aims to reach €10 billion under management within the next three years. To achieve this, technological investment will be promoted and the growth of the company’s agent network will be encouraged.
About Diagonal Asset Management
Diagonal AM creates tailor-made portfolios for its clients; it emphasizes capital protection and assets focused on social responsibility, environmental, and corporate governance criteria. In addition to managing SICAVs and investment funds, it also offers discretionary portfolio management services, as well as professional and private banking advisory.
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