SYZ Asset Management opens office in Madrid in targeted European expansion

Monday, 09/04/2017

SYZ Asset Management, the institutional asset management arm of the SYZ Group, announces the opening of an office in Madrid as of 1 September 2017. This milestone follows the Munich and Milan branch openings in 2016, and a series of key hires and specific product launches, confirming SYZ Asset Management’s commitment to and growing success in Europe.

Monday, 09/04/2017 - 12:00

Based in Madrid, SYZ Asset Management (Europe) Ltd, Sucursal en España, offers a wide range of funds from its OYSTER SICAV, a Luxembourg domiciled UCITS, as well as discretionary mandates for professional clients in Spain.

Mr. Luis Beltrami Cruz, who brings over 11 years of industry experience, will lead the office as Branch Manager. Mr. Beltrami Cruz - who will drive and direct sales activity - joined the Group in April 2014 as Director of Institutional Sales where he successfully promoted the SYZ Asset Management’s OYSTER Funds range in Spain.

Due to recent strong growth that looks set to continue, Spain is an important market for asset management in the European Union. This large and growing asset pool is a key reason for SYZ Asset Management seeking to strategically extend its product and service offering to meet Spanish investor demand.

The opening of the Madrid office is another step in the Group’s drive to strengthen its client service and business development capabilities. It follows similar moves in 2016 and 2017 to bring on board top-level hires and the opening of two offices in Milan and Munich, respectively. Interest in the Group’s investment strategies remains high both for existing and developing new strategies, notably in high-conviction equities, active fixed-income and multi-asset solutions.

Commenting on the opening of the Madrid Branch, Ms. Katia Coudray, CEO of SYZ Asset Management, said: Spain has a well-established fund market that has been growing strongly with an increasing appetite for innovative solutions”. She added “A local presence confirms our commitment to strengthen existing relationships and work more closely with local investors to provide attractive solutions across the breadth of strategies we offer”.