Although many continue to be worried about the attractiveness of the City post-Brexit, the number of Swiss companies expanding their operations suggests London is retaining its appeal.
The latest firm to seek authorisation from the Financial Conduct Authority is Zurich-based Global Wealth Management (GWM). The business received the green light from the regulator last month for its new GWM London arm.
There are two directors registered under the company, Charlotte Bentivoglio and Saif Ahmedi.
GWM investment director Ahmedi previously spent 10 years at Credit Suisse, advising high net worth clients and institutions in asset allocation and trading strategies. Prior to joining GWM. Bentivoglio had spells at Altus Investment Management and Falcon Private Wealth.
The business is led by CEO Igor Makarov, another Credit Suisse alumnus. He also served as head of the Russian and Eastern European desk at Clariden Leu London.
In its native Switzerland, the company offers discretionary and advisory services, and is a member of the Swiss Association of Asset Managers. Aside from its Zurich office, it also has a presence in Riga, Latvia and can assist with services in the Isle of Man through is partners.
On the company’s website it states: ‘Through our knowledge and experience of the financial landscape and in conjunction with a strong set of partners, GWM is well-placed to deliver a high class service for its clients.’
Last month, Wealth Manager revealed that another Swiss company, discretionary wealth manager Phanar Asset Management, was opening up show in London. This was preceded by both Segetia and Addvision Wealth Management.
GWM could not be reached for comment.