Old Mutual Global Investors Switzerland has been authorised by the Swiss Financial Market Supervisory Authority (FINMA) to distribute funds in the country.
Old Mutual Global Investors (OMGI) opened its Zurich based operations in June 2015, following the appointment of Dominik Issler as head of DACH Distribution, covering Germany, Austria and Switzerland.
The acquisition of the FINMA authorisation means that OMGI Switzerland is now able to distribute Old Mutual Global Investors’ investment funds in Switzerland.
OMGI has gradually built up its presence in Europe since its launch in London in 2012 and now manages £2.17bn in client assets in the region.
The Zurich office is OMGI’s first in Europe and means it is well equipped to service the major global financial institutions, wealth managers, private banks, family offices and pension funds in the DACH areas.
Dominik Issler comments: “Receiving the Swiss Financial Market Supervisory Authority authorisation is an exciting development for Old Mutual Global Investors. We have been able to grow our European distribution successfully and are very grateful by the positive response from clients, particularly in Switzerland.
“Now that we have received Swiss regulatory approval, we will be able to enhance our offering and address the professional needs of our Swiss clients.”