Entrepreneurship has always been a key value at Notz Stucki, the asset management firm founded 55 years ago in Geneva. And it is precisely this type of entrepreneurial thinking that continues to guide and motivate the company’s strategic choices today in Switzerland, in Luxembourg and all around the world. The recent restructuring of the group’s executive committee, formally announced at the end of June, is just another illustration of this mindset, in particular, considering that the company has a collective leadership and the CEO is represented by the committee as a whole. It is a clear signal of the firm’s ambitions and expectations.
“Due to the upcoming retirement of Bernard Tracewski, who has served at Notz Stucki for more than 30 years, we have decided to transform our executive committee”, explains Paolo Faraone, CEO of Notz Stucki Europe (NSE). In order to bring more experience and a wider skillset to the committee, the company’s management team has been strengthened and expanded to six members: Angel Sanz (CIO, Head of Asset Management) and Cédric Dingens (Head of Investment Solutions & Institutional Investors) are the newly appointed members, next to Grégoire Notz (Director, Board Member), Damiano Paternó Castello (Head of Wealth Management), Patrick Hamon (COO) and Antonio Mira (CFO). For their part, Paolo Faraone (NSE CEO) and Maya Page (Head of Legal & Compliance and Human Resources Manager) will continue to contribute to the Executive Committee on a permanent basis.
Moving from 10 to 15 billion of assets under management
Based in Geneva, but with offices in Luxembourg, Madrid, Milan, London, Zurich, Bermuda and Mauritius, Notz Stucki intends to take advantage of the new dynamic created by the reshaping of its executive committee to accelerate its development. “The goal is to grow our assets under management from 10 to 15 billion Swiss francs within the space of five to six years,” reveals the CEO of Notz Stucki Europe.
Its size, its infrastructure, its management solutions and its human dimension make the company an attractive partner for asset managers wishing to leave the banking sector and join an independent, consolidated, international group. The firm is particularly targeting Luxembourgish and Irish management companies who want to link up with a well-established name.
At the same time, following its noteworthy structural investments over recent years, the company is seeking strategic partnerships that correspond to its corporate culture, and is developing new approaches with portfolio managers who have specific knowledge in certain areas.
In other words, thanks to its acknowledged investment expertise and its diversification into three complementary business lines (Wealth Management, Asset Management and Management Company) Notz Stucki aims at becoming a consolidator within the market.
Executive Committee: Grégoire Notz (Director and Executive Committee member), Cédric Dingens (Head of Investment Solutions & Institutional Investors), Paolo Faraone (CEO, Notz Stucki Europe)
A Super ManCo in Luxembourg
Notz Stucki Europe, the first “Super ManCo” in Luxembourg to be granted with extended licenses in 2013, has naturally contributed to the group’s development. Today, four billion euros of assets are managed by the Luxembourg office. “Our goal is to double the size of our White Label funds in three years. To this end, we are leveraging our network, our business partners, the synergies between our three business lines and our knowledgeable and committed team”, explains Paolo Faraone. In order to achieve its objectives, Notz Stucki’s Super ManCo is also reliant on its new private equity licence, which is expected to broaden the offer in a very effective way, and has already made its presence felt in 2019.
Notz Stucki in numbers
A call to discover talents
One of Notz Stucki’s defining traits since its foundation is its quest for talent. The firm has always sought the world’s best managers, leaders who have the ability to think differently. This strategy has helped make the group one of the largest independent asset-management companies in Switzerland. “Our hallmark is to seek out talented individuals who are able to demonstrate independence while sharing our values and our way of working,” explains Paolo Faraone. “We firmly believe that growth cannot be achieved without the support of an experienced, multidisciplinary and fully dedicated team. It is thanks to these qualities that we can achieve complex objectives and meet the challenges posed by a constantly changing regulatory framework.”
For more information, visit our website www.notzstucki.com or contact us luxembourg@notzstucki.com