Old Mutual Global Investors (Schweiz) (OMGI Switzerland) has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to distribute funds in Switzerland.
The authorization will enable OMGI Switzerland to now distribute Old Mutual Global Investors’ investment funds in Switzerland.
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Old Mutual Global Investors (OMGI) has opened its Zurich office in June 2015, following the hire of Dominik Issler as head of DACH Distribution, covering Germany, Austria and Switzerland.
The Zurich office will service major global financial institutions, wealth managers, private banks, family offices and pension funds in the DACH areas.
OMGI, which started its operations in London in 2012, currently manages £2.17bn in client assets in the region.
Issler said: "Receiving the Swiss Financial Market Supervisory Authority authorisation is an exciting development for Old Mutual Global Investors. 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."
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By GlobalDataOMGI managing director Warren Tonkinson said: "The confirmation of our FINMA authorisation is very exciting and will help build on the momentum that we have already achieved in Europe."
