SFAMA and Asset Management Platform Switzerland join forces
Asset management has established itself as a mainstay of the Swiss financial sector alongside the traditional banking and insurance businesses. Its importance has grown significantly in recent years, especially in the context of pensions and sustainable investment. The total volume of assets managed by asset managers in Switzerland is estimated at more than CHF 2,500 billion.
Joining forces to serve Swiss asset management
In view of the growing importance of asset management, the Asset Management Platform Switzerland and the Swiss Funds and Asset Management Association SFAMA are merging. The merger is intended to strengthen the systematic focus on asset management even further and to underscore its economic importance. The aim of creating and maintaining a favourable political and regulatory environment for the industry in Switzerland remains unchanged. Iwan Deplazes, previously Chairman of the AMP and now President of the Asset Management Association Switzerland, had this to say: «The creation and development of the AMP as a joint venture between SFAMA and the Swiss Bankers Association has been a success. The time has now come for all of the partners to pursue a merger from a position of strength. As the Asset Management Association Switzerland, we have the vision to improve Switzerland’s standing as a leading asset management location further.»
The Swiss Bankers Association (SBA) which played a vital role in helping to create and fund the AMP, supports the merger. SFAMA and the SBA both see it as an opportunity to work together more closely going forward as regards asset management and present a united front in promoting Switzerland as a location for asset management. In future, the SBA will be a member of the Asset Management Association Switzerland with a seat on its Board of Directors. SBA Chairman Herbert J. Scheidt commented, «Asset management is now a key pillar of the Swiss financial sector. The Asset Management Association Switzerland reflects this importance by bundling together the previous platforms’ knowledge and capabilities. This combination of broad membership and clear objectives will allow it to make sure that its views are heard and to strengthen Switzerland’s position as a location for asset management.»
The Asset Management Platform Switzerland: a success story
The Asset Management Platform Switzerland was set up in 2016 and has enjoyed considerable success over the past few years. In particular, it has succeeded in establishing asset management as a mainstay of the Swiss financial sector in its own right. Milestones have included the annual publication of a comprehensive study on asset management in Switzerland, a series of events on hot topics in the industry under the AMP banner and significant progress in the strategic areas of pensions, digital transformation and branding. All of this has improved the public image of the asset management industry, helping to generate steady growth in the number of AMP members.