Private Wealth Management

Institutional Structure & Bespoke Approach

About us   |  Discretionary   |   Advisory   |   Deep Dive   |   Research and Media

Our 20-year track record reflects the professionalism of our teams and our long-term commitment to our clients.

Our wealth management teams give you access to three areas of expertise: discretionary management, allowing you to entrust us with the complete management of your assets, Advisory, investment advice where you can benefit from the various investment opportunities identified by our specialists, and finally the global analysis, reporting and optimisation of your assets, Deep Dive.

Our values and expertise are what set us apart from traditional players in Asset Management:

 

EXPERTISE

INDEPENDENCE

PERFORMANCE

NICHE INVESTMENTS

SUPERVISION

OPTIMISED COSTS

DIGITAL

ACCESSIBLE

Results of our Absolute Return strategy

Geneva Management Group

Since 2000, GMG has advised both institutional and private investors in asset management and real estate development. The Group has completed several billions worth of real estate transactions in Switzerland, Continental Europe and the UK. Over the last 20 years of activity, the Group has continuously developed its asset management business and oversees over CHF 3 billion. The Group is also active in insurance. GMG’s balance sheet size is currently in excess of CHF 1 billion.

Private Wealth Management Team

Management

Mathieu Saint-Cyr
Managing Director,
Head of Asset Management

Mathieu manages the Asset Management and Fintech Solutions divisions. He is Chairman of the Board of Wecan Tokenize, an innovative digital asset management platform, and co-founder of the Geneva Fintech Association. Previously, Mathieu was Head of Trading at MKS, a leading precious metals trading and refining company. Prior to this position, he was Head of BNP Paribas’ global gold derivatives trading business. Mathieu holds two MSc degrees, in Fundamental Mathematics and Financial Mathematics.

Alain Chevée
Chief Investment Officer

For over 12 years, Alain worked for the Nestlé pension fund (CHF 40 billion) as Head of Quantitative Management and then Head of Alternative Assets management with his team of analysts. He directly managed more than $4 billion of allocations for hedge funds and in different strategies. Alain is also responsible for the Private Wealth Management division. He is an Agro-Paris and ESSEC engineer, and has validated CAIA, Certificate of Quantative Finance and GARP Energy Risk Professional certifications.

Dave Elzas
Chief Executive Officer

After a rich career across several leading financial centres, Dave co-founded Geneva Management Group (GMG) in 2000. He further expanded GMG’s Swiss activity by creating companies and jobs in Geneva and Zurich. Dave has over twenty-five years of experience in deal structuring and wealth planning. Between 1994 and 2000 he served as the Executive Managing Director of an institutionally sized Family Office. He is involved in the construction or renovation of many buildings through GMG’s Real Estate division.

Valérie McCallum
Head of Operations, Asset Management

Valérie previously worked as Senior Project Manager for a single Family Office in Geneva. Between 2010 and 2017, she worked for Pictet Asset Management in Geneva, then in London from 2012, where she then joined Bank of London and The Middle East and UBS in marketing management positions. She began her career in 2006 as a financial analyst at Edmond de Rothschild and then at Procter & Gamble. She holds an MSc in Actuarial Sciences from HEC Lausanne.

Wealth Managers

Kerstin Engler
Senior Wealth Manager

Kerstin is an experienced banker with a demonstrated history of working in international Wealth Management for over 19 years. Over the last 6 years Kerstin worked closely with wealthy families and individuals in Sub-Saharan Africa. She advised them in structuring, diversifying and investing their assets. Kerstin supported them in governance and legacy matters as well as on philanthropy related questions.

Timm Reutter
Senior Wealth Manager

Prior to joining GMG, Timm spent 13 Years at UBS in Zurich and built the Wealth Management coverage team for Ultra High Net Worth clients in Sub Saharan Africa together with Kerstin Engler. He advised clients on their investment needs, structuring and succession planning as well as complex transactions including structured loans and global custody arrangements.

Thiago Costa
Senior Wealth Manager

He has 10 years of experience in the market research and financial industries. Always operating in multicultural environments, he has been assisting private families, institutional clients as well as innovative start-ups. Thiago is fluent in Portuguese, French, English, and Italian.

Sofia Dubois
Senior Investment Advisor, Private Wealth Management

Prior to joining GMG, Sofia worked as an Investment Advisor at UBS for 8 years, covering clients in Latin America, mainly in Chile and Peru. She holds a Bachelor’s degree in Economics and a Master’s degree in International Business Development from the University of Neuchâtel. She speaks French, Spanish, English and Italian.

 

Ismael Nieto

Managing Director

Ismael joined GMG after 25 years at UBS Wealth Management where he worked as Team Leader and Relationship Manager on the Latam desk in Geneva.

Support Functions

 

Valérie McCallum

Head of Operations, Asset Management

Valérie previously worked as a Senior Project Manager for a single Family Office in Geneva. Between 2010 and 2017, she worked for Pictet Asset Management in Geneva, then in London from 2012, where she then joined Bank of London and The Middle East and UBS in marketing management positions. She began her career in 2006 as a financial analyst at Edmond de Rothschild and then at Procter & Gamble. She holds an MSc in Actuarial Sciences from HEC Lausanne.

 

Maher Menif

Group Head Risk and Compliance

Maher previously worked at EFG Bank, where he was Group Head of Regulatory Compliance and gained in-depth experience in managing regulatory compliance risks and financial crime. Prior to this role Maher spent 5 years at Banque Heritage acting as a Chief Audit Executive, and 12 years in Big Four audit firms as Senior Manager in charge of auditing financial institutions and providing consultancy services. Maher is a seasoned professional holding a Chartered Public Accountant (CPA-CA) certification with broad and extensive international knowledge and expertise in leading, auditing and advising Compliance, Risk and Treasury functions. He holds a Specialized Graduate Diploma (DESS) from HEC, Montreal (Canada).

Discretionary

Management Philosophy

We hold a long-term investment philosophy, based on the real economy and the strong convictions of our Investment Committee. We advocate for investment objectives that favour capital protection and diversification across asset classes.

Asset class allocation is the main contributor to superior performance, far more so than specific asset or manager selection. Our philosophy is therefore to study the long-term impacts of current monetary policies and economic cycles, which will be crucial factors for asset appreciation or depreciation.

Given the difficulty in anticipating market movements in the short term, we build robust portfolios capable of withstanding crises and sudden market movements by combining many asset classes.

As a unique feature of our management philosophy, our portfolios are part of a global approach to managing our clients’ investments. Coherence is what sets a portfolio apart and ensures safety through diversification in the long term. To that extent, we work on liquid investments but also on more illiquid asset allocations, such as Real Estate, Private Equity, Private Debt or Structured Products.

 

Alain Chevée

Chief Investment Officer, Head of Private Wealth Management

“Our ability to access niche strategies ensures a real diversification of performance for our clients.”

For over 12 years, Alain worked for the Nestlé pension fund (CHF 40 billion) as Head of Quantitative Management and then Head of Alternative Assets management with his team of analysts. He directly managed more than $4 billion of allocations for hedge funds and in different strategies (long/short equities, GTAA, commodities). In addition to being GMG’s CIO, Alain is also responsible for the Private Wealth Management division. He is an Agro-Paris and ESSEC engineer, and has validated CAIA, Certificate of Quantative Finance and GARP Energy Risk Professional certifications.

Investment Process

We follow a rigorous investment process that incorporates the benefits of a global macroeconomic approach, while considering the impact at the level of individual assets. Consistency throughout this process allows us to build long-term portfolios that are aligned with clients’ risk profiles and that must withstand different market phases.

Investment Committee

Portfolio investments are discussed and reviewed on a quarterly basis by the Investment Committee.

We are in continuous contact with the managers we have invested with or who are on our “buying list”.

New ideas are proposed and challenged by each team member within the Investment Committee. This results in strong convictions that are quickly implemented across the portfolios.

Asset and Manager Selection

Thanks to our quantitative tools, we are able to select the best managers from databases of several tens of thousands of managers (hedge funds, long only, etc.) and monitor their management capacity and track record.

In addition, our teams of analysts specialised according to asset class carry out qualitative due diligence on recommended funds and continuously monitor the manager’s ability to outperform benchmarks.

Portfolio Construction

Our portfolio construction uses state-of-the-art algorithms that enable investment strategies to be optimally combined and the best return per unit of risk to be achieved.

Our methodology therefore enables risk management to be integrated right from the portfolio construction stage, this is the concept of “proactive risk management”. Our systems make it possible to simulate portfolios in the face of market or exogenous shocks, thus ensuring that risk is under control at all times.

The main objective of this often underestimated step is to find the right balance between diversification and concentration. The portfolio must maximize performance while avoiding positions that neutralize each other.

Risk Management

Our approach to risk combines an investment policy that takes into account strict restrictions in terms of weighting per investment, but also an optimisation system (optimizer) for asset classes based on their risk analysis in relation to expected return (risk/return analysis).

Our systems allow us to monitor market sensitivities (beta), as well as extreme deviations and risk contributions. Deviations in asset classes, sectors and currencies are also monitored periodically.

Example of fund monitoring/manager: Download the manager factsheet

Independence

The Company does not receive any retrocessions on funds and we work on constantly aligning with our clients’ objectives. The Company may be required to create structured products for a specific customer, in which case structuring fees are charged transparently.

Our management team has extensive experience in portfolio management (private and institutional) and takes a disciplined approach to achieve performance objectives. For clients who wish to fully delegate their management to professionals, our team sets up customized mandates suited to the client’s risk profile. These mandates may be balanced, dynamic or conservative. We also offer absolute management mandates that are less sensitive to economic cycles.

In order to achieve return objectives, our teams of analysts perform due diligence with the managers (ETFs /long only /Hedge Funds) and evaluate them regularly to ensure that they are generating the best possible returns.

Our unique portfolio construction and risk monitoring tools ensure that our clients’ portfolios are always under control. It is through continuous monitoring of assets and a rigorous overall approach that a successful portfolio is built.

Advisory

A compass to find the best opportunities

As a result of our network of asset managers, banks and hedge fund managers, we have our finger on the pulse of what is happening in the markets and are therefore able to deliver high value-added advice on all asset classes.

Firstly, our approach consists in defining exactly what the client’s investment policy and risk sensitivity are, in order to give the best advice and ensure that the portfolio can achieve the defined long-term objectives set.

We are continuously on the lookout for various investment opportunities on the financial markets and will bring these to our clients when appropriate. Through our regular and comprehensive risk analysis, we inform the client about the sensitivity of his or her portfolio to various market shocks, in particular with equities and interest rates.

Examples of investment solutions

 

Sofia Dubois

Senior Investment Advisor, Private Wealth Management

“The markets can present interesting investment opportunities at any time, which can boost a portfolio’s performance.”

Prior to joining GMG, Sofia worked as an Investment Advisor at UBS for 8 years, covering clients in Latin America, mainly in Chile and Peru. She holds a Bachelor’s degree in Economics and a Master’s degree in International Business Development from the University of Neuchâtel. She speaks French, Spanish, English and Italian.

Deep Dive by GMG

Thanks to our innovative and award-winning technology, we are able to provide a unique service for aggregating banking and non-banking data across all accounts of a single customer. In most cases, our tools are directly connected to the client’s banks and interact on a daily basis, which is a great time saver, without compromising on quality, in a context where information is still very fragmented.

Our teams reconcile all transactions to produce a comprehensive report that reflects the client’s total wealth. There is no longer any need to connect to different portals. Even proprietary positions can be integrated. These can be works of art, car collections or private equity.

In addition to aggregated reporting, clients are given the possibility of benefitting from our global agreements with custodian banks and thereby achieving substantial savings.

In concrete terms, we monitor the investment managers by contacting them directly and gauging their performance and alignment with the defined risk parameters. If a manager deviates or underperforms, the client is informed and can then decide to implement the recommendations if he or she so wishes.

Clients can make informed investment decisions, based on the necessary elements we provide them with:

 

Alessandro Bua

Investment Analyst, Private Wealth Management

Alessandro holds a CFA and has passed the first level of the CAIA program. Prior to joining the group, Alessandro worked as a Fixed Income Advisor after obtaining a Master in Finance & Management from the Cranfield School of Management and graduating from HEC Lausanne. He speaks French, English and Italian.

 

François Botta

Senior Investment Analyst, Private Wealth Management

“It is only by working on the overall aggregate portfolio that one can truly ensure that it is aligned with long-term objectives and that each investment generates performance.”

Prior to joining the group, François worked as a private banker for Coutts and Co Suisse, covering the UK market and then for Union Bancaire Privée. He holds a CFA and a Master in Business Administration from the Ecole des Dirigeants et Créateurs d’Entreprises in Paris. He speaks French and English.

Research

Publications

Geneva Management Group

Q1 2020 Market Comment
Isn’t it amazing how quickly situations can change? Despite all the efforts made toward reviewing and assessing current and potential risk in the financial market framework, experience has taught us that there will always be unidentified risk and this first quarter of 2020 has been a monumental reminder of this indelible truth.
  Download Report

Geneva Management Group

Q4 2019 Market Comment
Financial markets were able to start breathing a sigh of relief in the last quarter of 2019, with political tensions seeming to lighten, there was a renewed sense of hope that they would be able to free themselves from the continuous drag on business sentiment and investment created by geopolitics.
  Download Report

Geneva Management Group

Q3 2019 Market Comment For many years geopolitical events have been the synonym of short-term volatility and buying opportunities as they tended to have only temporary impact on markets. The Arab spring in 2010, the earthquake and tsunami in Japan causing the Fuskushima nuclear crisis in 2011, the Russian military intervention in Ukraine in 2014 or the North Korean rogue nuclear program in 2017-2018 to name but a few, all had relatively short-lived impact on financial markets.   Download Report

Geneva Management Group

Q2 2019 Market Comment We are living with an abundance of liquidity without precedent and we are getting so used to it that most investors have started seeing it as the new normal. Nevertheless we reached a new record of $12.5 trillion of negative-yielding bonds, a level which defies any sound capital market reasoning.   Download Report