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Banque SYZ Closes Asset Management Unit in Hong Kong
Switzerland’s Banque SYZ has closed its asset management unit in Hong Kong to concentrate on European markets. SYZ Asset Management (Asia)’s licenses to conduct asset management, dealing and advising on securities activities have been removed on 22nd December 2016. The firm first received its asset management license in Hong Kong in 2004.
The office had five employees with its Asia Head of Sales Suzanna Wong joining Vontobel Asset Management as the office closed.
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About Banque SYZ
Banque SYZ SA is a Geneva private bank in the Swiss banking group SYZ, which was founded in 1996 by Eric Syz, Alfredo Piacentini and Paolo Luban. In June 2014, two of the co-founders decided to continue their careers in a different direction. Eric Syz therefore took control of almost all the shares of the Group’s holding company. The bank is dedicated to wealth management through two lines of business: private banking (SYZ Wealth Management) and institutional management (SYZ Asset Management, in the form of segregated mandates or through the OYSTER Funds investment funds.
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