REYL Group launches dedicated impact investing asset management affiliate
The REYL Group has launched Asteria Investment Managers, an affiliate exclusively dedicated to social and environmental impact investing, to offer institutional investors access to a wide range of asset classes fully focused on this theme.
Asteria will have as a principal objective to offer institutional investors a comprehensive and coherent offering of impact products and strategies in order to provide much needed vectors through which capital can contribute meaningfully to a transition towards a more sustainable and equal society. It will provide access to a wide range of asset classes (thematic listed equities, sustainable bonds, alternative strategies, private debt and private equity), sharing a dual goal of financial returns and positive impact.
Asteria will allocate capital to companies that generate positive social and environmental benefits, looking to the UN’s 17 Sustainable Development Goals (SDGs) as its frame of reference. The offered products and strategies will be structured around four specific focuses:
diversity and inclusion; preservation of our planet; support for developing countries; innovation and technology as drivers for change.
Asteria also plans to carry out one or more acquisitions to enhance its offering.
In July, the REYL Group recruited Katia Coudray as Head of Impact Investing. Before contributing to Asteria’s creation, she spent more than seven years with Banque SYZ as head of asset management, a member of the group’s management committee, and head of the investment division. Prior to joining SYZ, she spent 11 years at Union Bancaire Privée as a member of the asset management division and the executive management team. This allowed her to develop and lead numerous departments such as multi- management, advisory, as well as the product innovation platform.
Coudray will be joined by three seasoned professionals in institutional management and impact investing: Guido Bolliger, Head of investments and equity strategies; Natacha Guerdat, Head of research; and Fabio Sofia, Head of bond and private debt strategies. Together, this investment team will be responsible for establishing and managing future products. As part of the senior management team, Francesco Genovese, currently within the REYL Group, will be responsible for the new company’s commercial development.
Guido Bolliger has more than 25 years of experience in managing and developing systematic investment strategies. In addition to his roles as chief investment architect and head of quantitative strategies at SYZ Asset Management before joining Asteria, he has also held various positions as head of investment and served as CEO of the Olympia Capital alternative investment fund. He is an adjunct professor of finance at the University of Neuchâtel and holds a PhD in financial economics from the Swiss Finance Institute.
Natacha Guerdat has devoted her entire career to responsible and sustainable investment, recognised as one of the sector’s pioneers. She began her professional career as an ESG analyst at Lombard Odier and quickly moved towards sustainable portfolio management roles for nearly 10 years. She then dedicated her time to launching and developing the company Conser as a founding partner. She helped to develop the company’s business through the implementation of sustainability analysis tools and processes. She is a founding member of Sustainable Finance Geneva (SFG) and Swiss Sustainable Finance (SSF).
Fabio Sofia has devoted his career to developing and promoting impact strategies. He began at the Swiss Federal Department of Foreign Affairs (FDFA) and soon became a founding member of Symbiotics, a pioneer in micro-finance, actively contributing to its development during his 13 years with the company in a variety of roles, including portfolio advisory. He is president of Sustainable Finance Geneva (SFG).
Sales and overall commercial development will be ensured by Francesco Genovese. Prior to joining the REYL Group in September 2018, he spent 17 years at Pictet & Cie, holding various commercial development roles within the asset management division. Thanks to his numerous responsibilities, he has forged an extensive network of institutional partnerships in Switzerland, the Middle East, Europe, and the United States.
Coudray, CEO of Asteria Investment Managers, says: “It truly is a unique opportunity to be able to create from scratch a new asset management company entirely dedicated to impact investing. This would not have been possible without the combination of strong human values and entrepreneurial culture within the REYL Group. We at Asteria are committed to achieving a positive impact in line with the 17 UN SDGs, in addition to our financial return objectives, across all of our strategies. We are delighted to have high-calibre professionals contribute to Asteria from inception. Their recognised entrepreneurial expertise in this field and the institutional networks they have built will play an important role in the implementation and development of our strategies”.
According to François Reyl, CEO of REYL & Cie: “We are convinced that the allocation of private and institutional capital will be an essential factor in a radical shift towards greater sustainability and inclusion. According to a joint OECD/MSCI report, approximately USD 2.5 trillion per year will be needed to meet the UN 2030 Sustainable Development Goals. Our aim is to provide access to strategies dedicated to social and environmental impacts so that we can raise additional capital and actively contribute to the positive transformation of our society. The REYL Group favours an innovative entrepreneurial approach: this new initiative, bolstered by substantial investments and the commitment of recognised experts, is deeply rooted in our philosophy and convictions”.