Thu, Jun 4, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

NOTZ STUCKI announces changes to executive committee

Monday, May 18, 2020
Opalesque Industry Update - The Geneva-based asset management firm NOTZ STUCKI has appointed Frédéric de Poix Head of its Wealth Management division and as a member of its Executive Committee. He replaces Damiano Paternó Castello, who will manage the Zurich office and sit on the Board of Directors.

NOTZ STUCKI will expand its business activities in the German-speaking part of Switzerland, focusing particularly on the distribution of investment solutions to institutional clients. NOTZ STUCKI also intends to pursue implementation of the development strategy as announced in June 2019.

New composition of the Executive Committee

Damiano Paternó Castello is leaving NOTZ STUCKI's Executive Committee to relocate to the Zurich office, following the retirement of Ulrich Höhn who has run the office since its opening in 1991.

His main mission will be to develop the business activities in the German-speaking part of Switzerland, while continuing to look after his substantial client base. Damiano Paternó Castello has joined the Board of Directors of Notz Stucki & Cie SA.

He will be replaced as Head of the Wealth Management division by Frédéric de Poix, who is now also a member of the Executive Committee. Frédéric de Poix joined NOTZ STUCKI in 2013 and was previously Deputy Head of the Wealth Management department.

He began his career as a commodities trader at Sucres et Denrées, and then at Finagrain, and then worked for 15 years as a private banker at Morgan Stanley and Hyposwiss in Geneva.

German-speaking Switzerland: a strategic development area

With a presence in Zurich since 1991, NOTZ STUCKI views German-speaking Switzerland as a strategic region for growth and the relocation of Damiano Paternó Castello to Zürich underlines its strong commitment to the area.

In addition to wealth management, the Group intends to develop its asset management business by stepping up its efforts to promote and distribute its in-house investment funds.

"Although we have been around for half a century and are one of the largest independent asset managers in Switzerland, we are not particularly well known in Zurich. Being conscious that the country's largest financial place has not waited for us to prosper, we are convinced of the quality of our asset management and we want to introduce our solutions to the German-speaking market and develop our presence in Zurich", explained Damiano Paternó Castello.

Two major focuses for development: the distribution of investment solutions and external growth

NOTZ STUCKI's range includes more than 20 alternative and traditional Luxembourg funds, most of which are registered in a number of European countries, covering a variety of strategies and asset classes.

In 2019, NOTZ STUCKI set-up an "Investment Solutions & Institutional Investors" department, headed by Cédric Dingens, focusing on the promotion and distribution sale of its products to Institutional investors.

"Although for over 50 years, we have been known as pioneers in alternative management, we have also been developing, for more than a decade, a broad range of traditional investment solutions, which have the generation of alpha as their common denominator", added Cédric Dingens. "Despite being less fashionable, after more than 10 years of rising markets, alternative strategies have, in recent weeks, shown their ability to protect investors' assets.

At the same time, NOTZ STUCKI intends to continue playing an active role in the consolidation of the Swiss independent management industry. Announced last June, this intention led, in December 2019, to the acquisition of the Geneva-based alternative management company Jam Research, and NOTZ STUCKI is going to continue with this strategy, either by acquiring existing companies or by attracting management teams that wish to join an independent and thriving group.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing: Millennium hedge fund ups bet against Bank of Ireland, Value rotation was the last thing big funds thought would happen, Al Gore's firm sold Amazon and Microsoft stock. Here's what it bought.[more]

    Millennium hedge fund ups bet against Bank of Ireland From Independent: US hedge fund Millennium International Management has raised its bet against Bank of Ireland's shares. It comes as Davy says 2020 will be a write-off for banks, with losses across Irish lenders of €4bn. M

  2. PE/VC: Private equity in the Covid-19 crisis, Carlyle's Africa dealmakers leave to start their own buyout firm, UK asset managers plan shift to off-market strategies including private equity[more]

    Private equity in the Covid-19 crisis From Morning Star: Private equity investment trusts invest in unquoted companies not yet listed on the stock market. How have they fared in the sell-off? Investment trusts have been caught up in the market turmoil of recent months and private equit

  3. New Launches: Apeira Capital seeks $200m for hedge fund-like bets, PIMCO filing reveals ESG fund launch could be ahead, BEA Systems co-founder launches venture fund, Salesforce Ventures launches $125m Europe Trailblazer Fund, The D. E. Shaw group closes first onshore China investment fund, Legg Mason and ClearBridge launch non-transparent ETF, Hong Kong-based asset manager MaiCapital launches actively managed bitcoin hedge fund[more]

    Apeira Capital seeks $200m for hedge fund-like bets From Bloomberg: Natalie Hwang, the former head of Simon Property Group Inc.'s venture capital arm, has launched a new firm and is seeking $200 million for a debut fund. Hwang has been discussing the vehicle with prospective investors, ac

  4. New Launches: Hedge fund Angelo Gordon raising $1.5bn for distressed energy debt, Amundi unveils eight new funds as part of ESG ETF range push, Mezzanine Management gears up for direct lending fund[more]

    Hedge fund Angelo Gordon raising $1.5bn for distressed energy debt From Reuters: Hedge fund Angelo Gordon & Co aims to raise as much as $1.5 billion to buy the debt of distressed oil and gas companies, according to a person familiar with the matter and an investor presentation viewed by R

  5. Tech: Robos fail their first big test, 'Video is fine': Venture capitalists find the benefits in digital due diligence[more]

    Robos fail their first big test From Advisor Perspectives: Robo-advisors faced their first big challenge with the bear market in the first quarter of 2020. They lost, and that is an ominous sign for the future of automated advice. All robos employ a degree of active management. They