The Bedrock Group, a globally-focused investment and advisory firm, has opened a new office in Zurich, giving it a second outpost in Switzerland.
The new office, on Stockerstrasse, adds to a network that currently comprises three offices altogether: Geneva, London and Monaco.
In a statement Bedrock said its new Zurich team would “focus on further growing Bedrock’s businesses in Switzerland and in international markets, especially Europe and the Middle East”.
Heading up the new office will be Alexander Classen, who joined the group as managing partner in 2016, from Coutts & Co Ltd, where he was chief executive and head of its international operations. He started his career in 1985 at Pictet & Cie, Geneva.
The Zurich team will also include Stefan Muelheim and Konstantin Panoussopoulos, who recently joined Bedrock as partners focussing on client relationship management. Muelheim came to Bedrock from Runa Partners, a single-family office, where he was managing partner; Panoussopoulos joined from UBS Wealth Management, where he had been a managing director from 2010 to 2016, covering UHNW groups in global emerging markets.
In a statement, Bedrock said its new Zurich office would “leverage Bedrock’s global capabilities and infrastructure as a leading multi-family office and provider of innovative investment solutions and services to families and institutions”.
In addition to helping clients to develop and manage bespoke investment programmes across different asset classes, Bedrock also offers institutional-level corporate finance products and packages to clients who own businesses, it says in its literature, including independent asset managers and private banks.
Bedrock was founded in 2004, by Maurice Ephrati, David Joory, Sandy Koifman and Ariel Arazi, who set out to create an independent investment boutique at a time when there were scarcely any in the marketplace. Today its team of around 100 investment professionals looks after around US$10bn in client assets, and in 2015, was ranked third in Europe and 25th globally in Bloomberg’s family offices league table.