French asset manager La Française has partnered with Swiss private bank Gonet&Cie for fund distribution in Switzerland.
Following the receipt of necessary approval, the partnership will be structured as a joint venture, the companies said in their joint statement.
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The new entity will distribute the investment solutions of La Française and its affiliates.
Additionally, both the companies are planning to develop a specific offering to meet the needs of institutional investors in the Middle East based on the presence of Gonet&Cie in Abu Dhabi.
The collaboration will also deliver an opportunity to examine the creation of a fund invested in Swiss equities, managed by Gonet&Cie, which will depend on the expertise of Inflection Point Capital Management UK, a consultancy firm specialised in strategically aware investing (SAI).
Gonet&Cie will use the expertise of La Française to diversify its sources of growth, develop a sector that complements its core private wealth management activity and establish its presence in relation to financial intermediaries and institutional investors
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By GlobalDataGonet&Cie partner responsible for asset management Serge Robin said: "Our collaboration with La Française, a leading player that is fast expanding its asset management business in Europe, forms part of our development and diversification strategy to enhance our profile as a Swiss bank in the long term."