Iteram Capital has been authorised by Finma as an asset manager of collective investment schemes, it announced on Wednesday. This is in addition to its current licence for providing representation services for foreign collective investment schemes to qualified investors in Switzerland, which it received in 2017.
It has also appointed Yves Claude Aubert as chairman of the board and Laurent Auchlin (pictured) as a director. Jaume Sabater remains as vice chairman while banking and finance lawyer Jean-Yves Rebord’s mandate has been extended.
Aubert replaces Charles Spierer, who is retiring.
Aubert has been a member of the Reyl board of directors and the audit and risk committee since 2011. He worked for many years at Banque Cantonale Vaudoise. He opened its first overseas office in Singapore in 1994, launched the Tradedirect.ch online brokerage in 2001 and designed the cantonal bank’s e-business strategy.
He was executive adviser to the CEO of BCV from 2003 until 2006, when he left to become an advisor and independent director.
Auchlin is a managing partner at Anglo-Swiss Advisors, a consultancy which has operated in fund management and analysis as well as client development strategy and delivery. He spent 15 years at Lombard Odier, during which he co-launched and headed the open architecture department. He then joined Credit Suisse to set up a service dedicated to ultra-high net worth individuals.