Sections

ABN Amro AM expands into Zurich

SWITZERLAND - The asset management arm of the beleaguered Dutch ABN Amro bank is opening a full-time operation in Zurich, the firm has announced today.

ABN Amro Asset Management (ABN Amro AM) decided to expand its Swiss asset management operations fully to the Zurich office to cater to the demands of the firm's growing Swiss client base.

Asset management for Swiss clients was previously handled by the firm's Frankfurt team.

"Fund distribution has been operating well for a number of years from Zurich, and because it has done so well ABN Amro has decided to also manage the institutional part, such as the mandates, from Zurich," the newly-appointed chief executive officer Dominik Issler told IPE this morning.

The firm has poached Issler from Schroders' Zurich office to focus mainly on institutional investors, the firm said in a statement today.

ABN Amro AM has around €193bn in assets under management, around €2bn of which come from Swiss clients, according to Issler.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2466

    Asset class: Multi-asset funds.
    Asset region: Global.
    Size: EUR 30m.
    Closing date: 2018-08-16.

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

Begin Your Search Here