Sionic is targeting the wealthy in Switzerland with the opening of a Geneva office as part of its Wealth Management & Private Banking Practice.
Sionic-Geneva joins Sionic-Zurich as Sionic's second Swiss base, sixth European base and eleventh office worldwide. Sionic-Geneva will officially launch on 27th November.
Sionic-Geneva will focus initially on the Swiss family office and asset management market. Sionic also plans to introduce its wider portfolio of services, including financial crime and control, risk, regulation, technology and change services to global, domestic and private banks, asset managers and family offices located in Switzerland.
"Sionic is rapidly proving itself to be one of financial services' fastest-growing firms. Our ambition is to be the world-leading specialists in financial services, offering a full range of expertise to clients worldwide. Philip Biber has an outstanding reputation as one of the leading experts in his field and the combination of our new Sionic Geneva team with our existing Zurich base, means we can offer market-leading specialist expertise in the most technically demanding areas of the Swiss market," Sionic CEO Craig Sher said in a statement.
"Combining that with our wider portfolio of specialist services means we can both address the concentration of clients within Switzerland and use this latest new base as a strategic part of our wider European expansion," he added.
The Sionic-Geneva team is part of Sionic's Wealth Management & Private Banking Practice, led by Sionic managing partner Gilly Green. The Sionic-Geneva team is led by Sionic Partner Philip Biber, a specialist in wealth management and private banking. Before joining Sionic, Philip was a founding partner and chief operating officer at MBaer Merchant Bank, having held previous roles as COO for HSBC Global Private Banking EMEA and as Global Head of Private Wealth Management Operations for Deutsche Bank, New York.
"Sionic-Geneva represents a major investment into exactly the areas of wealth management and private banking in which we excel. Having worked with many Geneva and Swiss-based clients throughout my career, I know the opportunities on offer, and am excited by key areas of growth.
"I also have a great affection for this city and country. I'm therefore delighted to be establishing Sionic-Geneva as the latest location from which we can bring Sionic's market-leading specialist services to existing and new clients alike," Philip Biber added.