Simplify financial decision-making

SAM Excel, an external asset management company based in Zurich, has joined the global financial services network Union Capital Group (UCAP). As part of this move, the company has rebranded itself as “UCAP Wealth Management Switzerland” and appointed Peter Albinsson as the new CEO. Albinsson, a private banking expert, previously held senior positions at NPB Neue Privat Bank, EFG International, Abu Dhabi Commercial Bank, and Falcon Private Bank. The company, which is connected to EFG International founders Mats Phersson and Lonnie Howell, aims to expand its team and attract equity partners and relationship managers. The UCAP network manages over $50 billion in client assets and has offices in Zurich, Geneva, London, Bahamas, Miami, Taiwan, Hong Kong, Singapore, and Dubai. This move is part of the ongoing consolidation trend among Swiss asset managers, driven by stricter regulations and the new Finma licensing requirements implemented in 2023.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Europe
Countries	🇨🇭 🇧🇸 🇬🇧 🇺🇸 🇭🇰 🇸🇬 🇦🇪
Sentiment	neutral
Relevance Score	1
People	Clément Ducasse, Lonnie Howell, Mats Phersson, Alfred Möckli, Peter Albinsson
Companies	Union Capital Group, Abu Dhabi Commercial Bank, UCAP Wealth Management Switzerland, EFG International, NPB Neue Privat Bank
Currencies	None
Securities	None