German asset manager enters Switzerland with acquisition

German asset manager Laiqon is entering Switzerland through an acquisition.

It is buying funds and special funds with €2.5bn (CHF 2.3bn) in assets under management from MainFirst Affiliated Fund Managers (Germany). As part of the deal, Laiqon is expanding into Switzerland with the acquisition of MainFirst Affiliated Fund Managers (Switzerland) and obtaining a Finma license.

In Switzerland, Laiqon will establish a location in Zurich, which the Hamburg-based company intends to use to acquire new customers among Swiss wealth managers and banks who are interested in Laiqon’s NextGen Wealth platform solutions.