A decisive step towards a new future
Forum Finance Group: the company is awarded the LPCC licence and declares itself open to new managers.
A paralyzing regulatory environment and exorbitant costs – is it the end for independent wealth management? You could be forgiven for thinking so if it wasn’t for the fact that some firms have taken the bull by the horns and made the first leap forward. Following the awarding of with the awarding of the licence de gestionnaire de placement collectif The Forum Finance Group has signalled clearly that it is prepared to face the new order by positioning itself amongst the half-dozen Geneva-based firms ready for the future. I interviewed two of the five partners, Etienne Gounod and Egon Vorfeld.
Given the rapid pace of technological and regulatory developments, a constant exchange of experience and know-how is critical to business success. Against this background, fourteen leading Swiss wealth managers have established the 'Alliance of Swiss Wealth Managers' (ASWM).
The new Alliance offers its members a platform to identify, discuss and deal with current developments on diverse topics such as regulation, new financial products or infrastructure solutions. The ASWM does not consider itself to be a political force. Rather, it will focus on the exchange of know-how among its members.
Geneva, 20 June 2018. Geneva-based wealth management company The Forum Finance Group has announced the appointment of Jean-François Andrade as a partner. He joins Etienne Gounod, Philippe Kern, Egon Vorfeld and Hippolyte de Weck after Hervé Chanut's retirement as equity partner, but who remains Chairman of the Board of Directors. Jean-François Andrade joined Forum Finance in 2013 from Pictet & Cie.
Jean-François Andrade began his career in 1999 with Banque Privée Edmond de Rothschild as junior portfolio manager and assistant to the CFO. After several positions in wealth management at various financial institutions, he joined Julius Baer in 2004 as asset manager, then Pictet Wealth Management in 2008, where he worked for 5 years in the Latin America team. In 2013, he left Pictet & Cie for The Forum Finance Group with Philippe Kern and Lucia Bruel.
Jean-François Andrade holds a Master HEC from the University of Geneva.
"We are delighted to welcome Jean-François Andrade to the partnership. This decision is in line with the policy we defined a long time ago. Indeed, some 22 years ago, we put in place solid governance, with several generations of partners who ensure a smooth handover. We are thus offering a genuine long-term entrepreneurial project to attract talented managers who wish to join a human-sized project with which they can identify," said Etienne Gounod, Managing Partner and CEO of Forum Finance.
Founded in 1994 in Geneva, Forum Finance employs around 20 people who manage and supervise approximately CHF 1.5 billion in assets. In April 2018, Forum Finance announced its diversification into asset management with the launch of a strong conviction global equity fund. Under an LPCC license, the company is regulated and supervised by FINMA and is registered with the SEC.