Banque Cantonale de Geneve : BCGE shores up its asset management business with new subsidiary Synchrony Asset Management SA

About this update from Banque Cantonale De Geneve Sa

Based in Geneva with an office in Zurich, Synchrony Asset Management SA aims to give institutional investors an agile platform offering them genuine independence in how they operate. The platform is built on over 30 years of pioneering experience in both quantitative and index investing, while clients can also benefit from expert know-how in conviction-based investing in both fixed income and Swiss equities. The new company has around 20 employees and nearly CHF 9 billion in AuM. Synchrony Asset Management SA is led by renowned experts including Philippe Augsburger, an independent board member and member of the compenswiss board of directors, and Biba Homsy, a founding partner of Homsy Legal and a key figure in the fields of cryptocurrency and blockchain. They both sit on Synchrony's board of directors. Nicolas Krügel, CEO of BCGE and Chairman of Synchrony Asset Management SA, says: "There's significant growth potential for a firm specialised in institutional asset management. Our new subsidiary has cutting-edge expertise along with a solid bank shareholder that upholds a long-term vision." The Synchrony Asset Management SA executive board is headed by Katia Coudray, who says: "This move marks a major step forward in the development of BCGE's asset management business. It deepens our specialised skillset, expands our capacity to serve institutional investors and makes our firm even more attractive to talented individuals."

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