Swiss banks are working overtime as they try to salavage their haemorrhaging assets. Syz & Co has taken the integration road merging its institutional asset management activities to form the newly-created Syz Asset Management.
“We are currently witnessing a rapid convergence between the traditional world of investment and alternative management,” said Paolo Luban, managing partner of Syz and head of asset management.
In April, Syz bought State Street Global Advisors’ Zurich-based institutional Swiss fixed income activities. The transfer of several billions in fixed income assets and public pension funds or large private