SWITZERLAND - Martin Currie Investment Management has tapped Dominik Issler, chief executive of Fortis Investments/ABN Amro Asset Management, Switzerland, to lead its expansion into the country.
Issler will be country head for Switzerland and will lead the specialist equity management firm's efforts to grow its Swiss client base, said managing director of sales and client servicing Allan MacLeod. Issler will join on January 4 and report to director and head of European sales Eric Bateman.
McLeod said assets from the firm's Swiss clients amount to between 3% and 4% of the Edinburgh-based firm's £12bn (US$19.2bn) in assets under management, and a quarter of its total European assets.
Officials at the firm hope it can double it assets under management from Swiss clients within the next three years, MacLeod said.
"We've been gradually expanding our overseas offices," said MacLeod. "Having someone domestic there can make a big difference," he said.
He said officials decided to open a Swiss office at the start of this year, but it took them time to find the right person.
MacLeod said: "We were delighted to find someone of his level."
Issler said: "With their long tradition of excellence in investment management and an unremitting focus on the client this is a strong proposition for me to offer to institutional clients and wealth advisers throughout Switzerland."
The opening of a Switzerland office is the third announced expansion for Martin Currie in the past year and a half. Just this week, the firm opened its first Singapore office.
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