A major U.S. asset manager is planning to open offices in Zurich after its business expanded significantly in the country over the past years. It has hired a former Aviva manager to manage the office.
PineBridge Investment, a U.S. wealth manager with customer assets worth some $80 billion, will open an office in Zurich this year, according to a statement today.
Covering Switzerland and Austria
Alain Meyer has been appointed to take charge of the branch, which will cover the Swiss and Austrian markets. Meyer was head of institutional sales at Aviva Investors.
«Our client base in Switzerland has grown significantly over the past years,» said Klaus Schuster, head of Europe at PineBridge Investment. «That’s why it is important to have a physical presence in this country.»
