A trio of former Lombard Odier employees have joined forces to launch an independent asset management firm.
The formation of Capitalium Advisors, which was set up on August 1. follows the recent trend of bankers moving away from large organisations, a spokesperson at the boutique reiterated: ‘Swiss banks are going through the biggest crisis in their history'.
‘In order to ensure their durability and preserve profits, banks and other financial intermediaries must rethink their business model.’
It is in this spirit that Capitalium Advisors was set up by its three founding partners, which includes CEO Alain Zell, CIO Sébastien Leutwyler and member of the board Clément Schoeb.
Collectively, the partners have over 45 years’ worth experience in the wealth management industry primarily in Geneva and worked together at Lombard Odier for seven years.
Prior to setting up the boutique, Zell was at Credit Suisse for ten years then Lombard Odier for 17 years where he was head of the international Swiss team.
Meanwhile, Sébastien Leutwyler spent ten years at LO in fund management and Clément Schoeb was at LO for eight years before starting his own firm Schoeb Frôté SA in 2013.
The new boutique is partnering with Schoeb Frôté SA, from which it drew inspiration on its business model and now both share common objectives.
While the firm’s headquarters are in Geneva, it also has offices in Neuchâtel, Bienne and Solothurn as a result of the tie-up.
Capitalium SAM is set to cover the Lake Geneva region and international business while Schoeb Frôté covers the Neuchâtel, Jura and Bern areas.
The firm was founded as the partners wanted to continue working with their clients by offering them higher standards with no conflict of interest.
Commenting on the launch, founding partner Alain Zell said: ‘We have the drive to become a niche player in wealth management by proposing a tailor-made offer to an exclusive clientele, with which the partners share common values.'
The founding partners’ ambition is to offer modern solutions to Swiss and international HNWIs and UHNWIs, as they see a changing financial landscape.
A new financial landscape
Commenting on the testing Swiss market, a spokesperson at the boutique said: ‘Over the past few years, the world of finance in Switzerland has faced many challenges: the financial crisis, the fight against fiscal evasion, judiciary proceedings, and scandals, billions worth in fines, data leaks, and job cuts.’
‘With new regulations, fiscal deals and the re-adjustment of international rules, the Swiss government wants to secure the future of the financial industry.’
They added: ‘A large process of restructuring is being put in place, which will most probably mark the end of banking secrecy.’
Capitalium SA is to be overseen by FINMA through the Swiss Association of Asset Managers.