US-based multi-boutique Affiliated Managers Group (AMG) has opened an office in Zurich, Switzerland as it expands its distribution network in Europe.
The company has appointed Patrick Sege as head of distribution for Switzerland, Austria and Liechtenstein, and Axel Weiss as head of distribution for Germany, both based in the Zurich office.
Sege joins from Liongate Capital Management, where he was head of sales and business development for Switzerland and Continental Europe. Weiss joins from Fidelity Investment Management, where he was director of sales and relationships for institutional clients.
AMG buys majority stakes in boutique investment managers and distributes their products to retail and institutional clients through its sales network. AMG's affiliates had $432 billion (€327 billion) under management at the end of 2012.
Andrew Dyson, head of global distribution at the firm, says the Zurich office “will extend the reach of our global distribution platform and further support our affiliates in their sales and marketing efforts”.
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