Thu, 09/02/2006 - 06:11
Albertini Syz Investimenti Alternativi SGR has appointed David Basola as Head of Business Development for Italy.
Albertini Syz Investimenti Alternativi SGR, part of the Italian banking group Albertini Syz created jointly by Swiss banking group SYZ & CO and the Milan-based group Albertini, currently manages and distributes a range of Italian-based funds of hedge funds to institutional investors, family offices and high net worth private investors. For the analysis and selection of hedge funds, Albertini Syz relies on 3A SA, SYZ & CO's alternative investment division.
Prior to joining Albertini Syz in January 2006, Basola was Director at GAIM Advisors Ltd in London, where he was Head of Sales and Business Development for Italy and Switzerland. He joined GAIM Advisors Ltd - Integrated Asset Management's fully owned fund of hedge Funds subsidiary - in March 2002 and contributed significantly to building the Company's asset base.
Basola started his career in 1996 at JP Morgan in Milano, before moving to Credit Suisse Private Banking in 1998 where he held positions both in Milan and Zurich.
Basola's appointment follows the strengthening of 3A's sales and marketing teams for German-speaking countries, Scandinavia, Central Europe and Benelux announced a little over a year ago, as well as the appointment of a UK head of development in September 2005 and a reinforcement of the Research and Investment team announced in January this year.
"I always had a great respect for SYZ & CO's expansion in the last years, which has been one of the recent success stories in the European financial industry,' says Basola. 'I am now honoured to join the Albertini group, which is an extremely respected name in Italy, and will have the opportunity to transfer this success into the Italian market. Albertini Syz is ideally positioned to be successful in Italy, thanks to its deep roots in the local marketplace and SYZ & CO's expertise in alternative investments.'
Speaking about Basola's appointment, Alberto Albertini, Vice Chairman and Executive Board Member of Albertini Syz Investimenti Alternativi SGR, says: "The Italian fund of hedge funds market is expanding and we are confident that investments by institutions and high net-worth private investors should reach the level we see in other European countries. David's arrival will help us leverage on our good investment performance and attractive product mix to develop our market share."
Background notes: Albertini Syz was created in January 2002 jointly by Swiss banking group SYZ& CO and by Milan-based Albertini group. Initially launched as an assetmanagement company, it was transformed into a full bank in 2003. The group has three business lines: Banca Albertini Syz & Co (private banking),Albertini Syz Investimenti Alternativi SGR, an alternative asset management company which manages and distributes four funds of hedge funds in Italy, andAlbertini Syz Corporate Finance. The Albertini Syz Group manages EUR 1.7 billion.
3A SA - Alternative Asset Advisors is the alternative division of the SYZ & CO Group and one of Europe's leading specialists in the field. 3A is the investment manager for a number of funds of hedge funds, including London and Zurich-listed ALTIN and Alternative Capital Enhancement, the latter comprising a number of single-strategy and multi-strategy funds of hedge funds. Following a highly disciplined analysis and due diligence process, 3A selects the best hedge funds worldwide to build tailor-made multi-manager portfolios, funds of hedge funds or structured products. 3A manages a number of high performing alternative products available to institutional investors, such as ALTIN, which posted a performance of +9.01 per cent and +12.06 per cent in 2005 and 2004 respectively. As at end December 2005, 3A managed over USD 2 billion in hedge fund assets. Additionally, 3A provides alternative research and due diligence services on
USD 2.9 billion in alternative investments.
Based in Geneva, the Swiss banking group SYZ & CO is exclusively dedicated to asset management through three strongly interconnected business lines: High-level private banking, a comprehensive range of successful investment funds (Oyster Funds) and an acknowledged expertise in the field of alternative investments - 3A SA.
The Group manages USD 11.8 billion in assets, and has 235 employees. SYZ & CO is present in Switzerland with offices in Geneva, Zurich, Lugano and Locarno and also operates in London, Luxembourg, Nassau, Salzburg and Milan.
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