J. Stern & Co (Switzerland), a sister company of the London-based investment partnership J. Stern & Co, has been granted an asset manager licence by the Swiss Financial Market Supervisory Authority (FINMA).
In a statement on 16 July, the investment manager said the licence came "at a time of strong demand for the firm’s equity, fixed income and multi-asset investment strategies".
Managing partner Jérôme Stern (pictured) said: "The award of a FINMA licence represents an important milestone for J. Stern & Co (Switzerland) AG and confirms our commitment to excellence and to Switzerland as a premier investment hub.
"We take great pride in our ability to provide our clients with first-class services and to support their financial objectives in alignment with my family.”
Nicole De Rossi, CEO at J. Stern & Co (Switzerland) AG added: “The FINMA licence underlines the trust that J. Stern & Co (Switzerland) AG enjoys with clients, partners and regulators, and puts our business on a strong footing as we look to accelerate our growth in the Swiss market.”
Founded in 2012 and built on a banking heritage built over more than 200 years, J. Stern & Co. is a specialist investment manager with highly differentiated investment strategies.
Clients "benefit from a strong alignment of interests with the firm’s partners and the Stern family, which accounts for approximately 20% of J. Stern & Co.’s assets under management".
