The Swiss bank said the joint venture will combine Samena Asia Managers (SAM), Samena Capital’s hedge fund seeding business operating from Hong Kong with Reyl & Cie’s wealth and asset management expertise and regulated infrastructure.
Samena Capital, operating from London and Hong Kong with a research presence in India and Bahrain, manages over $400m, making principal investments in the Sub-continent, Asia, Middle East and North Africa (SAMENA) region.
Reyl Group with presence in Paris, Luxembourg and Singapore, manages more than CHF4bn, with three business lines including wealth management, asset management and private office services.
Through this joint venture, SAM will expand its operational and fund infrastructure, run managed accounts and develop bespoke products suited for European investors as well to high net worth individuals, family offices and institutional players in the SAMENA region.
Samena Capital chairman V-Nee Yeh said that Samena Capital provides Reyl & Cie with an ideal platform to further their ambitions of penetrating the SAMENA region.
"In return Reyl Asset Management offers Samena Capital extensive knowledge in mutual fund management and European distribution with strong emphasis on best-in-class processes and compliance, as well as investment expertise that originates from four decades advising European clients.
Reyl & Cie CEO Francois Reyl said that this win-win joint venture will give Reyl & Cie a privileged access to Samena Capital’s investment specialists and network of leading entrepreneurs in a region which is strategic for its development.
