Unigestion and Akina have announced that they have agreed to merge their private equity businesses. The business will have US$6 billion in assets under management (AUM), and 54 professionals located in Geneva, Zurich, London, New York, and Singapore.

Christophe de Dardel, Unigestion’s head of private equity and member of the executive committee will continue his current role, leading Unigestion’s enhanced private equity team.

The combined business will trade under the Unigestion name. There will be no change to the investment strategy of existing products of either Unigestion or Akina, but there will be cross-representation on the two private equity investment committees.

Following completion, Unigestion’s total AUM will increase to more than US$23 billion, of which private equity will represent 25%, making it the second largest pillar of its investment offering, alongside equities, alternatives, and multi-asset.