Bellevue Group announced on Thursday that it has established a subsidiary, Bellevue Asset Management (Singapore), to scale up its business across Asian markets. The Zurich-based firm is a specialty investment manager with a focus on medtech.

The subsidiary in Singapore is headed by Florin Boetschi, Head Distribution Asia Pacific, who has overseen the expansion of Bellevue’s business activities in Asia over the past two years. The asset manager plans to gradually expand the current team for Asia.

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A stronger local presence should help Bellevue systematically expand its existing client base, grow its assets under management in the coming years, and, ideally, capitalize on the growth opportunities in Asia.

«Our business volume in the region provides a good base, which we can further expand with the increased local representation. In Florin Boetschi, we have a proven expert on the Asian markets who will spur the growth of our activities in this dynamic region,» Gebhard Giselbrecht, CEO of Bellevue, said.