Fisch Asset Management, a Swiss asset manager, has appointed Juerg Sturzenegger as the sole CEO of the firm after co-CEO Philipp Good’s decision to step down.

Philipp will now pursue opportunities outside the company. His decision is said to have been triggered by varied strategic views on the development of the firm.

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Philipp has been working at Fisch Asset Management since 2007.

During his stint at the firm, he has supported the development of the corporate bonds unit, headed portfolio management, as well as managed the clients & markets arm. He was appointed as the co-CEO in 2017.

Fisch Asset Management chairman of the board of directors Pius Fisch said: “Philipp has made a significant contribution to the development of Fisch Asset Management as the company has grown from a pure convertible bond specialist to an important manager of corporate bonds too.

“We wish him every personal and professional success for the future.”

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Fisch Asset Management was set up in 1994 by two brothers Kurt Fisch and Pius Fisch. The company focuses on delivering convertible bond, corporate bond and absolute return solutions.

The company oversees nearly CHF10bn in assets and has a staff strength of 90. It tends to institutional investors, mainly in Europe.

Earlier this year, the firm appointed Meno Stroemer as the head of portfolio management and as a member of the executive committee. Stroemer also leads the corporate bond team, a position he will retain in addition to the new role.