Reyl & Cie has introduced Fund Representation Solutions within its Asset Services business line.
Through the new offering, the firm intends to develop representation services for foreign collective investments.
It will offer professional services to international fund managers and promoters seeking to sell their funds in Switzerland.
Reyl & Cie head of business development Colin Vidal and head of operations Philippe Steffen will be part of the new Fund Representation Solutions team.
The solutions are said to enhance the firm’s Asset Services business.
Andreas Söderholm is in charge of the business, which also includes paying agent services.
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By GlobalDataThe firm believes that the new proposition complements the paying agent solutions and allows institutional clients to gain access to all the services required for foreign fund distribution in Switzerland in a single place.
Reyl & Cie head of Asset Services Andreas Söderholm said: “Asset Services complements its offering by integrating a complete fund representation service, thus expanding its scope of fund solutions to an ever-increasing institutional clientele.
“This will provide REYL with a single point of contact for funds looking for custody, depositary, execution and fund administration but can now also cater for Swiss distribution legal requirements such as legal representation and paying agent services.”
Developments at REYL Group
In addition to Asset Services, Reyl Group’s other business lines include Wealth Management, Entrepreneur & Family Office Services, Corporate Advisory & Structuring as well as Asset Management.
The group manages over CHF13.5bn in assets and has a staff headcount of more than 220. It has offices in Geneva, Zurich, Lugano, London, Luxembourg, Malta, Singapore, and Dubai.
Last month, the group announced the launch of Alpian SA, a digital platform to cater to the mass affluent, following the latter’s CHF12.2m ($12.6m) Series A funding round.
Earlier this year, REYL Group strengthened its alliance with Swiss Paralympic for the Tokyo 2020 Games.