Syz AM appoints UK distribution director
Syz Asset Management, the institutional asset management business of Swiss banking group Syz & Co, has appointed Ian Penrose as distribution director for the UK.
Penrose will help promote the Syz AM and Oyster funds in the UK market, as well as Syz’ capabilities in segregated mandates.
Syz has already been present in the UK market for more than a decade, chiefly in areas such as alternatives, absolute return and European equities strategies.
Previously, Penrose was vice president of Global Distribution at Barclays Capital Funds & Advisory for three years, where he was responsible for leading distribution of their range of UCITS III funds to UK fund buyers, including funds of funds, discretionary wealth managers, advisory IFAs, networks, nationals, life insurers and platforms. Prior to that, he worked for five years at Gartmore Investment Management as account director and sales manager.