Fundamenta Group acquires Belvédère Asset Management AG

30.11.2022 | from Fundamenta Group (Schweiz) AG


Fundamenta Group (Schweiz) AG

30.11.2022, Fundamenta Group Holding AG, which specializes in holistic real estate asset management, takes over 100% of the shares in Belvédère Asset Management AG. In return, the previous shareholders of Belvédère will take a stake in Fundamenta Group. This creates a leading independent asset management group that covers a wide range of attractive asset classes. The Belvédère can draw on the comprehensive real estate expertise of the Fundamenta Group and will remain as an independent subsidiary with the same organization under its previous name. With this step, the Fundamenta Group is strengthening its market position and significantly expanding its customer base.

The Fundamenta Group, which currently manages around CHF 4 billion in real estate assets in Switzerland and Germany, and Belvédère Asset Management, with assets under management of around CHF 3 billion, combine their range of services under the umbrella of Fundamenta Group Holding AG. The respective subsidiaries continue to focus on their traditional core business. FINMA's approval is reserved.

The group now has more than 100 specialized employees, is represented at five locations in two countries, looks after over 350 institutional customers such as pension funds, foundations, family offices and over 600 wealthy customers (UHNWI and HNWI) and manages total customer assets (AuM) of almost CHF 7 billion

With around 35 specialists, Belvédère Asset Management AG is one of the largest independent asset managers in Switzerland and, with its comprehensive range of services, covers all asset classes including art. The majority of the 500 customers are domiciled in Switzerland and other German-speaking countries.

“This step is based on a trusting cooperation and mutual respect that has existed for many years. With their respective specializations, the companies complement each other perfectly. We are convinced that holistic wealth management expertise is becoming increasingly important. Belvèdère customers have access to the first- class real estate expertise of the Fundamenta Group and thus significant added value. In return, our real estate investment clients benefit from other attractive asset classes such as alternative investments or art. They can count on the high quality and professionalism they are used to from Fundamenta," explains David Garcia, founder and member of the Board of Directors of the Fundamenta Group.

Florian Marxer, Chairman of the Board of Directors of Belvédère, confirms this: “The Board of Directors and the Executive Board have a great deal of commitment to this connection. Our customers will continue to be looked after by their trusted advisors and at the same time can benefit from being embedded in the Fundamenta Group. We look to the future with confidence and will do everything we can to continue to provide our customers with a very personal service and to create sustainable added value.»

“Many of our clients have substantial real estate assets and require tailor-made solutions. With the Fundamenta Group, you get professional access to comprehensive expertise along the entire real estate value chain. This means that we can cover customer needs more broadly with a holistic approach," explains Giorgio Saraco, CEO of Belvédère.

«The qualitative growth of the group and the expanded range of services open up new and promising perspectives. At the same time, the attractiveness of the Fundamenta Group is increasing, which also strengthens our position in the competition for the best talent," summarizes Urs Gauch, Chairman of the Board of Directors of Fundamenta Group Holding AG.


Contact:
David Garcia, Founder and member of the Board of Directors of Fundamenta Group Holding AG
+41 44 444 22 22
david.garcia@fundamentagroup.com

Urs Gauch, Chairman of the Board of Fundamenta Group Holding AG
+41 44 444 22 22
urs.gauch@fundam

Note: This article was translated from German to English by an online translator.

--- END press release Fundamenta Group acquires Belvédère Asset Management AG ---

Source:
HELP.ch


More information and links:
  Fundamenta Group (Schweiz) AG (company entry)

  Fundamenta Group erwirbt Belvédère Asset Management AG (news article in german on swiss-press.com)



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