Has Swiss-Based Asset Manager Ceased Operations?
The Geneva-based asset manager Decisive Capital Management appears to have ceased operations. This was reported by the portal «Finance Corner». For example, the website is no longer available, and calls result in an error message. Additionally, it seems that the premises are unoccupied, and all remaining employees have been dismissed. A homeless person appears to have taken up residence in the entrance area.
According to the commercial register, the Civil Court declared bankruptcy, which was filed on January 25, 2024.
Rapid Growth, Up to 100 Employees
Decisive Capital Management was founded in 2016 by Elie Chamat, presenting itself as an independent financial advisor of the new generation and was known for its rapid growth. Two years ago, it had around 100 employees. At that time, Decisive Capital Management acquired the Swiss business of its British competitor Artorius Wealth aiming to expand its presence in Zurich, as reported by finews.ch.
The team of the Geneva-based asset manager included, among others, investment advisor Dora Chatzikostanti and long-time Julius Baer banker Nadia Bargetzi. The company did not hold a license from Finma, neither as an asset manager nor as a collective asset manager.
