Mercer to acquire private markets specialist SCM Strategic Capital Management AG

Mercer announced today that, subject to regulatory approvals, it has entered into a definitive agreement to
acquire SCM Strategic Capital Management AG, a Swiss-based specialist private markets advisor and
delegated solutions provider. The acquisition will further strengthen Mercer’s capabilities in alternative
investments, an area of growing importance in the global institutional marketplace… Link to Press Release & Statement

Aon Hewitt – 2013/2014 Swiss Pension Fund Survey

Benefits, financing, trends, financial situation and structural profile of Swiss pension funds, survey covering 1560 contributing pension funds with one million members and total assets of CHF 237 billion…  Link to Report in (English PFS 2013_2014_E) or (French PFS 2013_2014_F)

Global Wealth 2014: Riding a Wave of Growth (Boston Consulting Group)

Fourteenth annual report produced by the Boston Consulting Group focused on the Global Wealth-Management industry.  Report looks at the size of the market, present state of off-shore banking and the performance of leading institutions in a wide range of categories… Link to Report

 

 

Asset management roundup: Swisscanto, ZKB, Amundi, Bawag PSK

Zürich Kantonalbank (ZKB), currently the largest shareholder in Swiss asset manager Swisscanto, has confirmed it is in talks on the complete takeover of the company. In the 1970s, several Swiss cantonal banks established Swisscanto as foundations, and, in 1993, the listed Swisscanto Holding was established. Today, ZKB has an 18% stake in Swisscanto, while the rest is owned by 23 other cantonal banks… Link to Article

Switzerland’s Publica now considering active only for ‘niche’ investments | IPE

Publica, Switzerland’s CHF36bn (€30bn) public pension fund, has switched to passive mandates for “almost all” asset classes in its portfolio in recent years and has now “looked to smart beta” and some active strategies for additional returns…. Link to article

Performance of Swiss Private Banks – Success and failure in the ’new normal‘

Fantastic report with a wealth of information and insight from KPMG and The University of St Gallen… Link to report

Is The Swiss Market A Real Eldorado For Foreign Fund Promoters Eager To Raise Assets?

Difficult to say, remaining serious and credible, whether Switzerland may really be seen as a sort of Eldorado for assets gathering. No crystal ball here. However – this being said – one thing is sure: according to the recent statistics on the Swiss Fund Market, the total volume reached 806.3 billion CHF at the end of June 2014 (source: SFAMA)… Link to Article by Luca Bruni, Director of Global Fund Distribution at PwC on Linkedin

 

Africa’s Biggest Lender Woos Swiss Investors to Property

(Bloomberg) -FirstRand Ltd, Africa’s largest lender by market value, plans to raise as much as $500 million from Swiss private banks and other investors for a property fund focused on the continent. Ashburton Investments, the asset-management arm of Johannesburg-based FirstRand, will start raising money when its existing $250 million property fund is 75 percent invested early next year, said Chief Executive Officer Boshoff Grobler. Ashburton put up a fifth of the money for the first fund.  “Investors are looking for growth in their portfolios,” Grobler said yesterday in an interview in Geneva. “The markets where investors are finding growth pushed them into Africa.”  Link to Article

FINMA publishes its fully revised Collective Investment Schemes Ordinance

The Swiss Financial Market Supervisory Authority FINMA will put its fully revised Collective Investment Schemes Ordinance into effect on 1 January 2015. The revised ordinance has been adjusted in line with the changes in national and international regulatory standards. It fleshes out the provisions set out in the Collective Investment Schemes Act and the Collective Investment Schemes Ordinance… Link to Article

UK now main rival to Swiss private banks (FT.com)

(from the FT.com) Britain’s emergence as the strongest European rival to Switzerland for private banking and wealth management has been highlighted by figures showing that UK assets under management rose 11.4 per cent to £524.4bn last year.  The sector, which provides investment services and advice to the wealthiest people, employs close to 23,000 staff in the UK, contributed £3.2bn to the economy and paid £1.2bn in taxes, according to a debut report from the British Bankers’ Association… Link to Article