Swiss banking group SYZ & CO has announced the appointment of Michael Clements (pictured) as head of European Equities and Claire Manson as manager of the Oyster European Mid & Small Cap fund. Clements will replace Eric Bendahan, who is preparing to launch his own fund.
Bendahan managed up to €2.5bn in European equities for SYZ &CO and is planning to launch London-based Eleva Capital in the fourth quarter of the year, subject to regulatory approval.
Clements will oversee the London-based SYZ & CO team of fund managers and analysts and will manage the OYSTER European Opportunities, OYSTER European Selection and OYSTER Continental European Selection funds.
Responding to the reshuffle, SYZ & CO stressed that Clements and Bendahan have very similar management styles and that the firm aims to ensure continuity in the transition process.