EFG Asset Management, headquartered in Zurich, Switzerland, launches its UK business, EFG Asset Management (UK).
EFG Asset Management, known as EFGAM, opens its funds and managed accounts strategies to third party institutional investors and financial intermediaries in the UK, with the formation of the UK firm.
EFGAM presently has assets under management of $7bn and has operated in the UK as a division of EFG Private Bank for more than 17 years.
EFGAM UK’s range of funds and services includes the “New Capital” range of funds, which seek global investment opportunities across asset classes. Funds include the wealthy nations bond fund, US growth fund and North Asia Pacific equity income fund.
EFGAM chief investment officer and EFGAM UK chief executive officer Moz Afzal says: “We have been quietly and successfully managing money for the last 17 years as a division of EFG Private Bank, and I am excited that we can now bring this expertise to a larger investor audience in the UK. With a burgeoning international platform, we are ideally placed to support a range of investors in what is a challenging market environment, and intend to broaden our offering as we grow and as new investment opportunities arise.”