Petercam opens new office in Italy

Brussels-based fund manager Petercam has opened a new office in Milan, which will be headed by Alessandro Fonzi, previously head of institutional clients and financial intermediaries Italy at Lombard Odier.

Fonzi (pictured), who has already talked to InvestmentEurope about the firm’s plans to open an office in Italy, says the launch will be challenging but Petercam has got the right skills in place to face them.

Focusing on specific asset classes, pioneering new strategies and being brave enough to invest in the business even in bleak times is what makes Petercam a successful business, according to Fonzi.

After announcing the decision at the end of last year, Fonzi moved to Milan to start setting up the new office in April. The office was opened at the end of May, while funds were registered with Italian authority Consob and are available now to institutional and professional investors. For the first period, the new Italian office will invest in funds within the country and in Switzerland’s Canton Ticino.

As part of a step-by-step strategy which focuses exclusively on its specialties, Fonzi says Petercam will start by introducing expertise developed in equity dividend strategies, listed real estate, high yield, low volatility and sustainable investment solutions.

Petercam will register both the Belgian-based Petercam B Sicav and the Luxembourg-based Petercam L Sicav. Fonzi said: “Most equity funds, like European equity strategies, the equity dividend strategies and our well-regarded global thematic funds, are domiciled in Belgium, while most fixed income funds, like the highly rated total return global bond, our unique sustainable government bond and our high-yield strategies, are domiciled in Luxembourg: we aim to register all our Ucits funds and all share classes, whether for institutional or private investors.”

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