Mirabaud Asset Management has hired Citywire AAA-rated Swiss equities manager Thomas Jäger from St Galler Kantonalbank to bolster its Swiss equities team, Citywire Switzerland can exclusively reveal.
He joins the Geneva-based group from St Galler Kantonalbank after more than three years, where he served as portfolio manager on the SGKB Aktien Schweiz fund.
Jäger had focused on the industrial and healthcare sectors. Following his departure, deputy manager on the SGKB Swiss equities fund, Jan Widmer, will take his place as lead manager.
Widmer has been deputy manager on the fund since mid-2015 and took over the management of the fund at the end of August 2017. He first joined the cantonal bank in 2012.
Commenting on the hire, CEO of Mirabaud Asset Management Lionel Aeschlimann said: ‘We are delighted to welcome a talented new portfolio manager such as Thomas Jäger as a member of our Swiss equities team which is one of the key strategic focuses of Mirabaud Asset Management. We are convinced that we have one of the best teams in this asset class.’
In April, Mirabaud AM’s Swiss equities team shrank as portfolio manager Patrick Huber left the company to join Pfäffikon-based asset management firm Santro Invest.
Earlier in the year, in March 2017, Mirabaud soft-closed its Swiss small cap fund following capacity concerns as assets were fast-approaching its CHF 1 billion maximum capacity.