Swiss & Global replaces custodian for Luxembourg funds

Luxembourg mapSwiss & Global Asset Management has changed the investment services provider for the majority of its funds domiciled in Switzerland and Luxembourg, which have $70 billion (€56 billion) of assets under management. The asset manager has expanded it relationship with State Street, which means RBC Investor & Treasury Services no longer provides services for the range. The funds covered include a publicly available mutual fund family for private bank Julius Baer, which Swiss & Global separated from in 2009 but retained an exclusive licence to manage the funds. State Street will provide custody, fund accounting and administration, asset pooling, securities lending, foreign exchange, share class hedging and transfer agency services. Martin Jufer, member of the group management board of GAM Holding, which owns Swiss & Global, and chief operating officer for Swiss & Global, sais: "Over the past two years Swiss & Global has built a partnership with State Street as they provided servicing solutions for a component of our investment funds." Peter O'Neill, head of State Street in Europe, Middle East and Africa, says the ability for asset managers to understand what drives investment performance, and report on it more comprehensively than ever before, is "critical" at a time when investors and regulators are highlighting risk and transparency. ©2014 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.