Tel Aviv, Andorra \u2013 May 24th 2022<\/p>\n
Andbank, specialised in private banking, and Clarity Capital Group, the global asset management group, have entered into an agreement today to combine their Israel-based asset management businesses, Sigma Investment House and Clarity Capital KCPS. The new entity will be jointly owned by the two groups. The agreement is subject to regulatory approval in Andorra and in Israel.<\/strong><\/p>\n Clarity Capital KCPS and Sigma offer complementary financial services. While Clarity specializes in wealth management, the main activity of Andbank\u2019s Sigma is mutual fund management. The combination of these businesses will create a new significant player in the Israeli asset management industry.<\/p>\n Carlos Aso, CEO at Andbank<\/strong> said: \u201cWe see Israel as a strategic market that has been strengthening financially over the past few years. Andbank wishes to continue to extend our footprint in this market and deepen our activities within it. We are glad to have found Clarity Capital Group as the right partner to that with and we look forward to the opportunities that this merger will open up.\u201d<\/p>\n Alberto Garfunkel, Chairman of Sigma Investment House<\/strong> said: \u00a0\u00bb Sigma Investment House has grown substantially over the past couple of years, strengthening Andbanks\u2019 footprint in Israel. In our strategic quest to increase that momentum, we have found Clarity Capital Group to be one of the best investment firms in Israel and the best partner for us. By combining Sigma\u2019s and Clarity\u2019s complementary services and capabilities, this merger will create a comprehensive investment platform to our clients, offering unprecedent offering and service. <\/p>\n Amir Leybovitch, CEO of Clarity Capital<\/strong> said: \u201cWe are extremely excited about this merger. Joining forces with the established, long traditioned Andbank will allow us to leverage Clarity\u2019s unique offerings to provide exceptional value to our clients, the kind seen only in European private banks.\u201d <\/p>\n As a part of this merger, Clarity\u2019s wealth management team will continue to service its clients and manage their portfolios with no change to the regulatory framework under which the wealth management business operates. <\/p>\n Andbank is a multinational group specialising in Private Banking, with more than 70 offices in 11 countries and a team of more than 1,100 professionals. At the close of December 2021, it registered turnover of \u20ac32.7 billion. Clarity Capital is a global investment management firm with offices in Tel Aviv and New York, providing wealth and investment management services to institutional and individual investors worldwide, including: high-net-worth individuals, families, endowments, foundations and institutions, since 2006. <\/p>\n Clarity offers a wide range of services and products which include Private Wealth Management, Family Office Services, Hedge Fund and Private Debt opportunities, Socially Responsible Investing and Institutional Fund Distribution.<\/p>\n Clarity Capital is registered with the U.S. Securities and Exchange Commission (SEC), the Israel Securities Authority (ISA), the Canadian Autorit\u00e9 des March\u00e9s Financiers of Qu\u00e9bec (AMF) and the Canadian Ontario Securities Commission (OSC). <\/p>\n","protected":false},"excerpt":{"rendered":" Clarity Capital Group and Andbank have entered into an agreement to combine their Israel-based asset management firm Sigma Investment House with Clarity Capital KCPS. The new entity will be jointly owned by the two groups<\/p>\n","protected":false},"author":13,"featured_media":36441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"yst_prominent_words":[],"class_list":["post-36445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classifiee"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.andbank.com\/fr\/wp-json\/wp\/v2\/posts\/36445"}],"collection":[{"href":"https:\/\/www.andbank.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.andbank.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.andbank.com\/fr\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.andbank.com\/fr\/wp-json\/wp\/v2\/comments?post=36445"}],"version-history":[{"count":3,"href":"https:\/\/www.andbank.com\/fr\/wp-json\/wp\/v2\/posts\/36445\/revisions"}],"predecessor-version":[{"id":36455,"href":"https:\/\/www.andbank.com\/fr\/wp-json\/wp\/v2\/posts\/36445\/revisions\/36455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.andbank.com\/fr\/wp-json\/wp\/v2\/media\/36441"}],"wp:attachment":[{"href":"https:\/\/www.andbank.com\/fr\/wp-json\/wp\/v2\/media?parent=36445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.andbank.com\/fr\/wp-json\/wp\/v2\/categories?post=36445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.andbank.com\/fr\/wp-json\/wp\/v2\/tags?post=36445"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.andbank.com\/fr\/wp-json\/wp\/v2\/yst_prominent_words?post=36445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}About Andbank:<\/h2>\n
\nThe firm stands out thanks to its network of bankers and specialists with extensive experience in consultancy and asset management.
\nAndbank is one of the most dynamic companies in the private banking sector. In 2018, it launched the neobank MyInvestor, in 2019 it completed the integration of the Merchbanc Group in Spain and Triar in S\u00e3o Paulo, and in 2020 acquired the business of Esfera Gesti\u00f3n, of Bank Degroof Petercam Spain and of Capital in Brazil.
\nOne of the fundamental aspects of Andbank is its CSR activities, which are focused on raising funds for the fight against cancer. In this respect, it works with FERO (a foundation for oncological research), the CRIS cancer foundation, and it is Founding Donor at the first Pediatric Cancer Centre at the San Juan de Dios Hospital in Barcelona.<\/p>\nAbout Clarity Capital:<\/h2>\n