REYL & Cie expands asset services business line 04 June 2020Geneva Reporter: Maddie Saghir
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REYL & Cie (REYL) has expanded its asset services business line by offering fund representation solutions.
The independent diversified banking group explained that this addition complements the services already on offer for international fund managers by representing foreign collective investments for distribution in Switzerland.
This new initiative is part of REYL Group’s drive to continue developing its expertise in high value-added services, this time for its institutional clients.
Additionally, the initiative strengthens the offering from the asset services business line, which is run by Andreas Söderholm and encompasses paying agent services.
REYL noted that access to these foreign funds will also foster commercial synergies between the asset management and corporate advisory and structuring business lines.
The new fund representation solutions team, which includes Philippe Steffen, head of operations, and Colin Vidal, head of business development, aims to develop representation services for foreign collective investments.
According to REYL, it will do this by providing professional services to international fund managers and promoters looking to distribute their funds in Switzerland.
REYL added that this new offering complements its paying agent solutions and enables institutional clients to access all the services they need to distribute foreign funds to Swiss investors in one place.
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