Azimut Holding SpA agreed to buy Turkey’s Yapi Kredi Portfoy Yonetimi AS, in a deal that will make the Italian asset and wealth manager the largest private portfolio manager in the country.\n\nThe acquisition strengthens Azimut’s presence in Turkey’s growing asset management sector and aligns with its strategy to expand into emerging markets. By integrating Yapi Kredi Portfoy’s client base and expertise, Azimut aims to enhance its product offerings and service capabilities for Turkish investors.\n\nIndustry analysts note that the move positions Azimut ahead of local competitors, giving it a scale advantage in managing private wealth portfolios. The deal is expected to close subject to regulatory approvals, after which Azimut will oversee a significantly larger assets under management footprint in Turkey.\n\nStakeholders anticipate that the combined entity will benefit from cross‑border synergies, improved distribution channels, and increased competitiveness in both retail and institutional segments of the Turkish market.