finews.com shows.
For years there has been a good deal of talk about consolidation among independent Swiss asset managers and for years nothing has happened, but now those familiar with the sector say things might be starting to move.
«Things are picking up,» said
Reto Hossli, founding partner at Zurich start-up DR-RH which specializes in arranging hook-ups between asset managers and asset management companies.
Hossli is very familiar with the extremely fragmented sector. At Credit Suisse, his job included managing business with external asset managers. There are 2,000 individual asset management companies in the sector managing around 400 billion Swiss francs ($435 billion) of assets.