GMG Asset Management anchors its position with broadening of FINMA license

On Thursday 20 May, FINMA granted Geneva-based asset management company GMG Asset Management an expansion to what is covered by its current collective asset management licence. In addition to securities, the company will now also expand its regulated activities into international private equity. By opening doors to international business, this extension strengthens the institutional positioning that GMG Asset Management chose for itself in 2019. Further and as a result, its board of directors has also increased in size and scope.

The extension of the licence now also covers international private equity and widens the development prospects for GMG Asset Management twofold. Firstly, in addition to balanced mandates and Swiss equity funds, the company’s clients and prospects will now have access to a more diversified range of products, notably a European real estate fund and an international technology fund. Secondly, GMG Asset Management will serve as a B2B platform and assist a clientele of financial companies wanting to offer their clients products and structured funds that their own licences do not allow for. This support significantly extends the scope of services for Swiss and foreign institutional clients.

As a result of the license expansion, GMG Asset Management grew its board of directors to now include Mr Jean-Yves Rebord, a Doctor of law specialising in collective investment structures and a partner in the law firm Python – Avocats, in Geneva and Sion, and Mr Vincent Oswald, co-founder and managing partner of Enki Capital SA, in Nyon, a specialist in real estate securitisation and fund structuring. The Board is chaired by Dave Elzas, co-founder of GMG and majority shareholder of GMG Asset Management and includes Christophe Julen, member of the Executive Board, and René Sieber, Professor at the Geneva Finance Research Institute (GFRI), University of Geneva. Mathieu Saint-Cyr, Group Managing Director and Head of Asset Management is appointed CEO of the company.

In 2019, GMG Asset Management was licensed as a collective asset manager. The health crisis imposed its pace and demands. When the Covid 19 crisis hit, the management team decided to take advantage of the opportunities for market consolidation in Switzerland, while simultaneously keeping a finger on the pulse of emerging international centres of innovation and excellence. “As a result, the Geneva Management Group – of which GMG Asset Management is a subsidiary – was included in the “Top 50 independent asset managers” ranking established by Citywire Switzerland at the beginning of this year. It also signed a partnership with the Royal Family of Dubai at the beginning of 2021 via our office registered with the DIFC.” emphasises Mathieu Saint-Cyr, who concludes by pointing out that “our investment management skills are now recognised in Switzerland as well as internationally”.

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Samuel Davies
Geneva Management Group
+41 (0) 76 377 69 87