Independent asset manager J. Stern & Co. has completed the acquisition of Geneva-based asset manager bvo capital. Following approval by the Swiss Financial Market Supervisory Authority FINMA, the group is expanding its presence in Switzerland. The transaction between the Swiss subsidiary J. Stern & Co. (Switzerland) AG and bvo capital SA had been announced previously and is now finalized, the company announced on Tuesday. Financial details were not disclosed.
Cédric Coignard, former CEO of bvo capital, becomes a partner at J. Stern & Co. and joins the investment committee. Together with Laurent Pallanca, also a partner at bvo capital, he will continue to operate from Geneva. The existing Zurich office is maintained. Both asset managers pursue a similar investment strategy focused on long-term investments in selected global quality equities. The investment philosophy and investment process will remain unchanged.
"Following the approval by FINMA, the merger with bvo is an exciting moment for our clients and for our two firms," said Jérôme Stern, Managing Partner and CEO of J. Stern & Co. "We invest our own wealth side by side with that of our clients."
J. Stern & Co. manages approximately 2.5 billion euros according to its own figures. Founded in 2012, the firm has offices in London, New York, Zurich, and Malta. With the merger, Geneva is added as another Swiss location. Bvo capital was founded in 2021 and specializes in concentrated global equity portfolios, managing the FiftySix Equity Fund among other assets and individual client mandates. No figures were provided regarding the assets managed by bvo capital or the future total size of the group. Through the transaction, J. Stern & Co. is specifically expanding its resources in research and client service.
