ITERAM Capital granted FINMA asset manager licence
ITERAM Capital SA, an independent alternative investment company, has been authorised by the Swiss Financial Market Supervisory Authority (FINMA) as an authorised asset manager of collective investment schemes.
This new licence is an addition to the company's current licence of providing representation services for foreign collective investment schemes to qualified investors in Switzerland received in 2017. With these two authorisations, ITERAM aims to become a leading alternative asset manager player covering private markets, hedge funds, and liquid fund alternatives.
Manuel Garzelli, Partner and CEO of ITERAM, says: “A major milestone has been achieved at ITERAM. The company will be able to accelerate its growth by strengthening its Swiss presence and activities as an innovative and reliable alternative investment and lending specialist. This recognition underlines the company's strong commitment to a rigorous framework for its asset management and fund representation activities, and will meet the expectations of Swiss and foreign professional and institutional clients.”
Marc Sbeghen, Founder and Head of Research, adds: “We are proud to have met the stringent regulatory requirements and be able to provide investors access to alternative investments that have the potential to generate consistent returns independent of broader market directionality.”
Drawing on their expertise of more than two decades in the alternative industry, the managing partners and members of the executive committee, Garzelli and Sbeghen, offer a solid partnership to its clients. ITERAM’s value proposition encompasses the full alternative spectrum from financing and direct investments to multi-manager portfolios, in private markets and hedge funds. Professional and institutional investors will be able to select from investment solutions wrapped into commingled Luxembourg funds, direct and co-investment transactions and customised support in bespoke advisory mandates. Several funds advised by ITERAM have been recognised and shortlisted in risk-adjusted and absolute return performance terms, across different categories at European and Swiss performance awards ceremonies thanks to the funds’ performance resilience in times of high market volatility.
In order to support this expansion, the company has strengthened its regulatory and corporate governance with the appointment of Yves Claude Aubert, an experienced financial advisor and independent director, as Chairman of the Board alongside Jaume Sabater as Vice-Chairman. Moreover, the company has appointed a new director, Laurent Auchlin, an expert in the asset management sector. The mandate of Jean-Yves Rebord, an experienced attorney in Banking and Finance, has been extended.