SYZ Asset Management, a subsidiary of Swiss-banking group SYZ, has launched an office in Madrid, Spain.
The new branch will distribute the firm’s OYSTER SICAV fund range, along with investment solutions in Spain.
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The office will be headed by Luis Beltrami Cruz, who will be responsible for directing sales activity.
Cruz joined the firm in 2014 as director of institutional sales, with responsibility for the firm’s OYSTER funds range in Spain.
The firm called Spain “an important market for asset management in the European Union”. The opening of the new office follows the launch of Munich and Milan offices by the firm as part of its planned European expansion.
SYZ Asset Management CEO Katia Coudray said: “Spain has a well-established fund market that has been growing strongly with an increasing appetite for innovative solutions. A local presence confirms our commitment to strengthen existing relationships and work more closely with local investors to provide attractive solutions across the breadth of strategies we offer.”
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