The FERI Group, one of the leading investment houses in German-speaking countries, is further expanding its presence in Switzerland. With the takeover of the established asset manager Limmat Wealth AG, FERI (Schweiz) AG is strengthening its Zurich location and consistently continuing its previous growth course.
"Switzerland is an important market for FERI. We are very pleased that as a joint team with Limmat Wealth AG we can now expand our location even further," says Antje Biber, President of the Board of Directors of FERI (Schweiz) AG. Limmat Wealth AG has been serving Swiss and foreign private clients in Zurich for a good 25 years. "Our clients will also benefit from the many years of experience of our colleagues and the excellent networking on the Swiss market. The goal is continuous client and asset growth," says Biber.
For Limmat Wealth's clients, the merger with FERI will open up a broad range of investment management and family office solutions. The know-how and the innovative and sustainable investment approaches, investments in funds as well as alternative investments (hedge funds) will be strengthened. Dr. Maurizio Genoni, founding partner and Chairman of the Board of Directors of Limmat Wealth AG, adds: "The merger with FERI allows us to be optimally positioned for the future. Our clients will gain access to exclusive investment concepts and additional asset classes."
Effective January 1, 2021, FERI (Switzerland) Ltd. has acquired 100 percent of Limmat Wealth shares. As a subsidiary, Limmat Wealth AG will initially continue to operate under its own name. A merger with FERI (Schweiz) AG is planned for a later date. A total of 23 employees work at the joint location in Zurich, serving more than 200 institutional and private clients.