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Dec 4, 2024 | 
citywire.com | Ian Heath |James Phillipps |Fergus Horsfall |Andreas Dagasan
Pictet Wealth Management has promoted Tina Yu to global head of fixed income.
Yu was previously head of discretionary portfolio management fixed income Asia, based in Singapore - a role she had held for two and a half years.
She started in her new position this week, according to her LinkedIn profile, and it will see her split her time between Singapore and Geneva.
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Dec 4, 2024 | 
citywire.com | Fergus Horsfall |Ian Heath |James Phillipps |Andreas Dagasan
Real estate boutique Empira is to become part of private markets investment manager Partners Group in early 2025.
The move will create a globally focused real estate investment platform with more than $50bn (CHF 44.4bn) in assets under management.
Zug-based Empira is a vertically integrated investment manager specialising in real estate. Following the deal’s completion, it will operate under a similar brand within Partners Group.
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Dec 4, 2024 | 
citywire.com | James Phillipps |Fergus Horsfall |Joseph Eden |Andreas Dagasan
The cryptocurrency group 21.co announced a new operating structure on Tuesday.
Asset manager 21 Shares will become a separate business unit from 21.co Technologies. The latter will focus on building products such as tokenised assets, smart contracts and risk management.
There are several senior appointments as part of the restructuring, effective from 6 January.
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Dec 3, 2024 | 
citywire.com | Fergus Horsfall |Joseph Eden |Andreas Dagasan |Sarah Praetorius
Independent asset manager Valeur Group announced a double acquisition today.
The firm is taking over fund solutions provider Anova Partners and distribution specialist Mayfair Financial Services.
The acquisition of Anova Partners, which has eight staff and offices in Zurich, Geneva and Monte Carlo, allows Valeur to establish a broader presence across Switzerland and in Monaco. Anova offers solutions for structured products, private label funds and securitisation.
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Dec 3, 2024 | 
citywire.com | Serge Debrebant |Fergus Horsfall |Joseph Eden |Andreas Dagasan
Martin Lück, formerly BlackRock’s chief strategist for the DACH region, has launched his own consultancy.
Lück’s new company Macro Monkey offers independent views on macroeconomics, capital markets and politics.
It targets financial professionals, including portfolio managers, CIOs, investment advisers and strategists.
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Dec 3, 2024 | 
citywire.com | Serge Debrebant |Fergus Horsfall |Joseph Eden |Andreas Dagasan
Sascha Steinmann joined Marcuard Heritage on 1 December to bolster its relationships with partner banks.
Steinmann, whose role is chief wealth management operations, has spent more than 18 years covering external asset managers for banks.
He was most recently head business development intermediaries at VP Bank Switzerland.
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Dec 2, 2024 | 
citywire.com | Fergus Horsfall |Sarah Praetorius |Joseph Eden |Andreas Dagasan
The Office of the Attorney General of Switzerland (OAG) accused Banque Lombard Odier and one of its former employees of ‘aggravated money laundering’ in an indictment filed last Tuesday.
Lombard Odier denied the accusations and said the investigation began after the bank reported itself to authorities in 2012.
‘The allegations are unfounded and without merit and are firmly rejected by the bank,’ it stated, as reported by Reuters.
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Dec 2, 2024 | 
citywire.com | Fergus Horsfall |Sarah Praetorius |Joseph Eden |Andreas Dagasan
EFG International added Ioanna Archimandriti and Demis Stucki to its executive committee at the start of this month.
Stucki is chief operating officer and succeeds Martin Freiermuth, who has stepped down from this role.
Archimandriti retains her role as global head of human resources, which she has held since 2021.
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Nov 29, 2024 | 
citywire.com | Sarah Praetorius |Fergus Horsfall |Joseph Eden |Andreas Dagasan
BlackRock is standing at the crux of twin crises.
The race towards climate neutrality has met the fragility of the pensions system. Whether BlackRock wants to or not, the firm sits at the epicentre of the heavily politicised debate.
Not only because of its intimate relationship with pension funds and the US Republican Party but because its pure size – $10tn in assets under management – means its patronage has the power to shape the kind of world we live in.
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Nov 28, 2024 | 
citywire.com | Sarah Praetorius |Fergus Horsfall |Joseph Eden |Andreas Dagasan
Bjørn Sibbern is to take over as chief executive of SIX at the start of next year. He will succeed Jos Dijsselhof, who is stepping down for an unnamed new professional opportunity in the Middle East.
Sibbern has been leading the international exchanges business of SIX as global head of exchanges and a member of the group executive board since the start of this year. He was previously president of European markets at Nasdaq, overseeing its markets and exchanges across the Nordic and Baltic regions.
