Swiss wealth managers Belvédère Asset Management AG and Interesta AG will join forces to form one of the largest independent wealth managers and family office services providers in Switzerland.
The transaction is subject to Finma’s approval.
The company will be named Belvédère Asset Management AG with 30 employees and more than CHF2.4bn in assets under management. Jobs will not be affected by the merger.
The Marxer foundation for bank and company values remains the controlling majority shareholder.
Peter Sechler and Thomas Fischli, former owners of Interesta AG, will remain active in senior executive roles, the latter as deputy chief executive officer and member of the executive board.
Giorgio Saraco remains chief executive officer of Belvédère Asset Management AG. The board of directors is composed of Florian Marxer (chairman), Thérèse Meier and David Garcia, as well as Peter Sechler and Martin Landolt from Interesta AG as new vice chairman and member, respectively.
Belvédère Asset Management’s chairman Marxer said: “The merger with Interesta AG, our partner of choice, is fully in line with Belvédère Asset Management’s growth strategy. We look forward to our common future with Peter Sechler, Thomas Fischli and their staff, and we are delighted to welcome the clients of Interesta AG.”
Belvédère Asset Management was founded by Thérèse Meier in 2001 as a wealth management company based in Zurich. Glarus-headquartered Interesta AG has been established in 2008.