Industry Updates

SYZ & CO integrates all its institutional asset management activities into SYZ Asset Management

Friday, October 22, 2010

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Opalesque Industry Update - The Swiss banking group SYZ & CO has announced today the integration of its institutional asset management activities within the newly-created division SYZ Asset Management. SYZ Asset Management will manage all the Group’s institutional mandates, both traditional and alternative, as well as investment funds. SYZ Asset Management will directly promote its capabilities to institutional clients. Banque SYZ & CO will offer the Group’s products, such as OYSTER funds or 3A funds, to professional intermediaries.

Together with the existing SYZ Asset Management entities in London, Milan and Hong Kong, SYZ Asset Management in Switzerland will serve all institutional clients of the Group, focusing on pension funds, insurance companies and corporates.

From its inception in 1996, SYZ & CO has been exclusively focussed on asset management and has developed its institutional asset management expertise from the outset through a variety of successful asset classes, first through the OYSTER European equities, bonds or balanced investment funds, then via successful segregated mandates - particularly in absolute returns - for Swiss and European institutional clients.

SYZ Asset Management will offer institutional investors long-only investment solutions in equities and fixed income, and multi-asset absolute return mandates, as well as advice, fund selection and portfolio management in alternative asset classes. SYZ Asset Management will have its own dedicated resources for research, analysis, portfolio and risk management, marketing and operations.

"We are currently witnessing a rapid convergence between the traditional world of investment and alternative management. The integration of our activities creates strong synergies and positions us as a particularly versatile institutional asset manager” said Paolo Luban, Managing Partner of SYZ & CO and Head of Asset Management. "Our expertise, proven track record and capabilities in traditional asset classes and portfolios of hedge funds allows us to be particularly competitive in traditional multi asset absolute return mandates, which are in high demand at present" added Patrick Bédat, CEO of SYZ Asset Management.

(press release - 20th October, 2010)

Founded in 1996 by Eric Syz, Alfredo Piacentini and Paolo Luban, the Swiss banking group SYZ & CO has specialized exclusively in asset management through four complementary lines of business: high-end private banking, institutional management, the OYSTER investment funds and alternative management with 3A SA (Alternative Asset Advisors). SYZ & CO has assets of CHF 25 billion (EUR 19.5 billion) under management and employs a staff of 400. In addition to the Bank’s headquarters in Geneva, the Group also has offices in Switzerland in Zurich, Lugano, Locarno and abroad in Milan, Rome, Madrid, London, Luxembourg, Vienna, Nassau and Hong Kong. www.syzbank.ch

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