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Asset management in Switzerland will be developed further over the medium term to build an additional cornerstone of the Swiss financial centre. In a working paper a number of areas of action have been defined which should lead to a gradual improvement in the framework conditions for asset management over the coming years. In order to derive detailed measures from these priority areas and push forward with the required work in a quick, targeted and coordinated manner, Peter W. Grünblatt (*1962) has been appointed Head of the Asset Management Initiative at the Swiss Bankers Association (SBA).

In appointing Peter W. Grünblatt, the SBA has gained a proven expert on asset management in Switzerland who has more than 20 years of experience in the financial industry in both Switzerland and Asia. Peter W. Grünblatt held management positions within the Credit Suisse Group from 2001 at its subsidiaries Bank Leu and later Clariden Leu in the area of investment products. At Bank Leu, he oversaw the investment fund business until the end of 2006, and from 2007 he was primarily responsible for the strategic focus of the Products & Services division at Clariden Leu as the Head of Business Development.

In relation to the Asset Management Initiative, the various issues are currently being divided into individual projects. Further important steps include communication with and involving all interest groups as well as politicians and public authorities.

Press release

www.swissbanking.org

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