Lugano-based wealth management firm WMM Group will hire a group of wealth and client relationship managers from Trans Fiduciaire.

This transition is a result of the regulatory changes that will be implemented in Switzerland at the beginning of 2020 and that are likely to induce independent wealth managers to group resources.

Commenting on the agreement, Trans Fiduciaire chairman Marco Cavuoto said: ‘Together with WMM Group, we will be able to satisfy the ever increasing expectations of our clients and offer financial and legal advice, as well as real estate services.’

Chairman of WMM Group, Emilio Martinengh, added: ‘We are particularly pleased that Trans Fiduciaire’s wealth managers have agreed to join us as we share history, values and vision to face future challenges.’

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