FundFire: Tiedemann Pushes into Europe with Swiss Partnership

FundFire
Tiedemann Pushes into Europe with Swiss Strategic Partnership

By Kathleen Laverty
September 4, 2019

Tiedemann Advisors, a $21 billion wealth manager with nine offices across the U.S., is opening an office in Switzerland to cater to cross-border clients and build its foreign customer base, Bloomberg reports.

Tiedemann is partnering with Swiss consulting outfit Constantia Partners to create Tiedemann Constantia, the shops announced yesterday.

Constantia, which provides family office and private equity advisory services, was launched in 2017 by the former head of Credit Suisse’s U.K. ultra-high-net-worth group, Robert Weeber. Tiedemann was founded two decades ago.

Weeber, 37, led a group that managed more than $7 billion for U.K. families and family offices at Credit Suisse. He also spent six years at J.P. Morgan Chase’s global investment opportunities group in London, where he worked with large global family offices, Bloomberg reports.

Tiedemann Constantia will seek new clients across the European Union and in the Middle East while providing new global investment opportunities to existing customers, Tiedemann CEO Michael Tiedemann tells Bloomberg.

Constantia will get access to Tiedemann’s asset management operations, including its impact-investment products. The Zurich-based firm will also be able to improve services to its clients as more international assets are shifted into U.S. trusts, Bloomberg reports.

Pierre Bose, who worked in Credit Suisse’s investment bank and its investment strategy and research divisions, has signed on as Tiedemann Constantia’s CIO. Gareth Maher, a former senior relationship advisor who worked with Weeber at Credit Suisse, was named managing director of the new firm.

Tiedemann Advisors is a “substantial minority shareholder” in the venture, the firm’s CEO tells Bloomberg.

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