Swisscanto Invest by Zürcher Kantonalbank (ZKB) has hired Dr Anja Hochberg as its new head of multi asset solutions.
She will report directly to Iwan Deplazes, head of Swisscanto Invest.
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By GlobalDataHochberg will be responsible for all Swisscanto Invest’s multi-asset strategies. In addition, she will develop the range of services it offers in the area.
She succeeds Alexander Schöb, who will be taking on a different role in Swisscanto Invest.
Deplazes said: “We are delighted to welcome Anja Hochberg, a proven investment expert with an excellent market network. In hiring Anja we are sending a clear signal to the market that we want to further expand our position in the Swiss multi-asset solutions space.”
Hochberg added: “Swisscanto Invest’s competitive and customer-oriented multi-asset strategies offer enormous opportunities in the current investment environment. I am very much looking forward to managing and strategically developing this area of Swisscanto Invest with the support of a highly motivated and specialised team.”
A proven asset management expert, Hochberg had previously been at Credit Suisse since 2001. At the firm, she held several specialist and management positions in the areas of research, asset management and wealth management.
Furthermore, as head of macro research, she was in charge of the bank’s economic analysis activities at a global level.
From 2013, she was chief investment officer Europe (including Switzerland) and at the end of 2015 was also appointed head of investment services.
In July 2019, ZKB agreed to purchase the precious metals ETFs and money market operations of GAM in a deal worth CHF14m ($14.1m).
Under the agreement, ZKB will buy four Swiss precious metals funds from GAM. These funds oversee CHF1.8bn in assets.
The deal also includes the transfer of GAM’s Luxembourg-domiciled money market funds with around CHF400m in assets.
The year previous, it agreed to pay $98.5m to the US Department of Justice (DOJ) to resolve allegations of helping US clients dodge tax obligations through undeclared bank accounts.
The settlement ended a seven-year long probe, which found the bank helping its US clients evade taxes, filing false federal tax returns with the IRS and hiding accounts from the IRS.
According to the DOJ, ZKB managed around 2,000 undeclared accounts between 2002 and 2013 for its US customers, who dodged over $39m in taxes.
