SYZ Asset Management, a subsidiary of Swiss-banking group SYZ, has launched a new office in Munich, Germany.
The firm said that the Munich office will strengthen its presence in Germany as well as its ability to offer services into Austria.
The new branch will provide funds from the OYSTER Luxembourg SICAV range, along with discretionary mandates for institutional clients.
SYZ Asset Management CEO Katia Coudray said: “Germany and Austria are strategic markets for SYZ Asset Management, therefore opening an office in Munich is an essential step in our development strategy towards clients seeking positive yield.”
The new office will be led by SYZ region head for Germany and Austria Michael Kenichi Schlieper. He will report to SYZ head of sales and business development Florent Guy-Ducrot.
“Due to our local presence, we are now able to offer a concentrated range of funds and mandates within our core competencies such as high conviction stocks, unconstrained fixed income and multi-asset,” Schlieper said.
The launch of the new follows the launch of its Milan branch earlier in 2016.