Zaoui’s Co-Founder Bets on Franco-Italian M&A With Milan Move

Yoël Zaoui, the co-founder of boutique investment bank Zaoui & Co., has relocated to Milan as the London-based firm seeks to strengthen its ties with Italian and French corporates, people with knowledge of the matter said.

The 64-year-old veteran banker is the latest financier to leave the UK as British lawmakers are curbing perks for living there. Zaoui—a French and British national—has opted to move to Italy where some of the firm’s key clients including Assicurazioni Generali SpA are based, said the people, who asked not to be identified as the information is private.

Zaoui & Co. was ...