Thu, 19/06/2014 - 14:00
Gottex Fund Management is to concentrate on alternative solutions, multi-asset and Asian-focused asset management following the completion of its merger with EIM Group.
The merger, which is expected to complete soon, is subject to approval from the Swiss regulator FINMA.
The combined firm will have more than USD8.5 billion in fee earning assets.
The firm aims to grow its asset base to USD15 billion over the next three to five years.
The combined firm’s investment team to increase by 16 professionals to a total of 51 located across four continents.
The merged company to focus on providing alternative investment solutions, multi-asset and Asian focused products to institutional investors, family offices and retail channels.
The combined platform will ensure the firm has the scale and depth of infrastructure to satisfy the growing demands of regulators, clients and consultants for risk monitoring, reporting and regulatory compliance.
On completion of the merger, Gottex will issue 14 million new Gottex shares to the EIM shareholder.
Joachim Gottschalk, group CEO, says: “With regulatory approval for our merger expected soon we are pleased to announce our organisational structure and strategic initiatives for the combined entity. Our enlarged firm will provide our clients with the highest quality investment solutions, operations, infrastructure and staff. Our aim is to provide the investment returns our clients require in this ever evolving financial world. By combining the strengths of our people, products and processes in a comprehensive vision and strategy, we believe that we will generate increased value for our clients and shareholders.”
Arpad Busson, EIM chairman, says: “Since we announced this transaction in December we have worked diligently on a comprehensive integration plan that will ensure we capture the very best skills and experience from both Gottex and EIM to create a market-leading alternative asset management group. We are ready to act as one firm as soon as the merger receives regulatory approval, serving clients around the world from a common platform. I am extremely excited about the future of our firm and look forward to working with such a great and diversified team as we grow.”
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