This story is reproduced by kind permission of Panorama at http://www.panorama.gi
BvB Asset Management LP, which manages global assets of around £800 million, has now officially inaugurated its new offices at Gibraltar.
It has a core team of over twenty portfolio managers and enjoys systems and analytical support from three of Geneva's largest private banks, as well as Swiss banking giant Credit Suisse among others.
Finance centre sources said that the Gibraltar entity is the fastest growing part of the BvB group, posting annual growth of 20 per cent. It had been up to now managed from the offices of Velay Services here.
"The driving force behind the concept of opening an office in Gibraltar was the possibility to offer portfolio management services outside Switzerland," said BvB, which stands for Berger, van Berchem & Cie, founded by Dr Jean-Michel Berger in Geneva in 1987.
At the opening of the Gibraltar office, Mr Berger said that the decision to have their own offices in Gibraltar was based on "the diversification of geographical risks and the control of management costs."
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