EFGAM has operated in the UK as a division of EFG Private Bank for the last 17 years, but the development of a distinct UK business means it can offer funds to a broader audience.
The launch comes as part of a strategy started in 2010 designed to enhance parent company EFG International’s growth.
The firm said the chief investment officer of EFGAM, Moz Afzal would also become the CEO of EFGAM UK.
Currently EFG International’s private banking business also has bases in Geneva, Zurich, Hong Kong, Singapore, Miami and New York.
It aims to establish EFGAM entities in each of these locations in the next few months.
At the moment total assets under management for EFGAM are $7bn.
EFGAM UK’s investment approach will combine macro research with asset allocation based on primary research.
EFG Asset Management launches UK arm
EFGAM launches distinct UK business and offers its products to a wider investor audience.
