Swiss wealth management firm, Helvetia Wealth, has set up a Dublin office to expand its European offering to private investors. The new company, Helvetia Wealth AG will create bespoke portfolios to suit individual clients’ needs.
Helvetia Wealth has its global head quarters in Zurich and offices in Liechtenstein, London and now Dublin. The company is targeting 500-1,000 new clients in Ireland in 2008, with €250-500 million in fresh assets under management.
Helvetia is looking to invest in a range of products from structured products with underlying assets such as gold, oil, water, renewable energies, property etc. (basically all asset classes) with or without capital protection, to equity funds in every geographic location worldwide, single equity strategies, pensions, and a wide range of other investment vehicles to meet client’s objectives.
Initially, the office will have two permanent staff with a rotation of private bankers coming across to service client base, although the firm plans to increase the number of staff in the future. This figure will grow to 10-12 employees in the Dublin office, with a wider presence in Ireland outside Dublin also being sought. Helvetia’s office will be located in Adelaide Chambers, Peter St, Dublin 2.
Kamil Stender, chief executive and co-founder of Helvetia Wealth, said, ‘With the retail property market coming to a peak, there is a tremendous amount of liquidity that is coming out of property that is looking for a new home.’
Helvetia Wealth is fully licensed in Switzerland as an asset manager and under their Liechtenstein licence they are authorised to operate in any EU member state, which includes Ireland. |
