Swiss private bank Union Bancaire Privée (UBP) has joined forces with Australian equity specialist Bell Asset Management (Bell AM) to access each other’s markets.
The strategic partnership will allow the private bank to market its flagship asset management strategies in Australia.
These strategies include fixed income solutions such as high-yield, convertible, and emerging market bonds.
They also include hedge funds, ‘cat bonds’, private markets, as well as ESG and impact investing solutions.
UBP’s new Australian branch, with Olivier Marion in charge, will support the new tie-up.
Marion serves as the head of business development for Australia.
Referring to the alliance with UBP, Bell AM CIO Ned Bell said: “We have no doubt this will enable Bell AM to forge long-term relationships with the very important and growing client base across Asia, Europe and the Middle East.”
On the other hand, the collaboration will allow Bell AM to expand its footprint in Europe, the Middle East and Asia by using the core distribution channels of UBP.
UBP co-CEO Asset Management and head of Institutional Clients Nicolas Faller said: “This is an opportune moment to enter such a prestigious pension market and to offer a wide range of solid solutions to institutional investors in Australia.
“UBP and Bell AM share many commonalities, not only from a purely investment standpoint but also culturally, as both come from family-owned businesses.”
It is a frontier market strategy fund with the aim to take advantage of the attractive return potential offered by investments in frontier markets.
The advantage exists due to risk premiums overestimating default probabilities and underestimating recovery values.
Furthermore, frontier markets have grown at pace in the last decade and becoming an important part of emerging market debit and global fixed income. Frontier markets now consist of 35 countries and a $100bn market capitalisation.
For more on UBP entering new markets, click here.