SYZ & CO bolsters fund selection team with UBP recruits
Swiss banking group SYZ & CO has bolstered its fund selection team with two recruitments from local rival UBP.
Reto Gehring (pictured) and Alexandre Potelle will fill the roles of head of research and senior anaylst at SYZ Fund Research, the bank’s fund analysis and long-only manager selection service.
The appointments follow that of Katia Coudray Cornu to head the team in June.
Her group offers third-party funds to private bank clients and independent asset managers. It sits beside the hedge fund selection undertaken by SYZ & CO.
The team also takes responsibility for identifying and launching new strategies, building out the group’s OYSTER funds range.
In a statement UBP announced that Didier Chan Voc Chun, who joined UBP back in August as head of multi manager and fund research, would fill the gap left at UBP.
UBP noted Didier Chan Voc Chun previously held a similar position at Fortis Investments, and brought with him “particular experience in long-only fund selection and due diligence, which will be a cornerstone of the group’s growth strategy as it expands into new markets and focuses its product offering on innovative solutions to the new market environment”.
His team at UBP already manage UBP’s multi-manager funds – notably its top-performing BRIC fund – as well as supporting the growth of the private bank, UBP added.
The moving of people comes at a key moment for Swiss banks, particularly in regards their European client base, which might historically have favoured Swiss ‘offshore’ accounts veiled to European tax authorities.
Washington, London and Berlin have all either pressured Swiss banks directly to deliver these clients’ details, or signed information sharing agreements with Bern, to achieve much the same goal.
Lawyers in Geneva said as this process gathers momentum, Swiss banks will increasingly have to differentiate themselves on service and stability.
Before joining Syz & Co, Gehring spent a decade working at UBP in Geneva in the multi-manager and manager selection team that had been established by Cornu in 2001. He was head of research there from 2009.
Before joining UBP, Gehring had set up the fund selection team at Banque Cantonale Vaudoise.
Alexandre Potelle also worked for UBP’s multi-manager and manager selection team, since 2006, with a primary focus on selecting US managers, and managers in the commodities, global equities and high yield sectors.