Swiss banking group joins impact investment field
The Reyl Group sets up independent affiliate focusing on impact investing
The Geneva-based independent banking group, the Reyl Group, has established an independent asset management affiliate exclusively focusing on social and environmental impact investing.
The new firm, to be known as Asteria Investment Managers, will offer institutional investors access to a wide range of asset classes such as thematic listed equities, sustainable bonds, alternative strategies, private debt and private equity with the dual goal of financial returns and positive impact.
The new fund unit’s management team will include five professionals. The investment team will consist of three experienced specialists: Guido Bolliger, head of investments; Natacha Guerdat, head of research; and Fabio Sofia, head of fixed income and private debt strategies. Sales and overall commercial development will be led by Francesco Genovese and the team will report to CEO Katia Coudray.
According to the firm, Asteria also plans to carry out one or more acquisitions to enhance its offering. The latest figures available from the Reyl Group show the firm has about 15 billion Swiss francs (US$15.12 billion) in assets under management.
In Asia, Reyl has had a presence in Singapore since 2009 where it serves Asian high-net-worth individuals and entrepreneurs in the areas of discretionary and advisory management, asset management and legal and tax advisory.
Sustainable investing has grown rapidly in the past decade. However, due to the smaller transaction size, the entrance of institutional investors and other sovereign institutions into the sector has been relatively recent.
To address this, Temasek Trust, the philanthropic arm of Singapore’s Temasek Holdings, recently established ABC World Asia, a new private equity platform focusing on impact investing in Southeast Asia, South Asia, and China.
Headquartered in Singapore, the platform will target investments in themes such as financial and digital inclusion, better health and education, climate and water solutions, sustainable food and agriculture, and smart and liveable cities.
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