Wegelin to provide investment and advisory services through FOs, MFOs. Swiss Wegelin, a private bank headquarted in St. Gallen on the shore of Lake Constance, launched a new advisory division for family offices that is to be run by Pascal Cettier, an employee since 2001.

"Family offices have very specific needs," says Wegelin managing partner Adrian Kuenzi. "With a highly specialised team, Wegelin & Co aims to provide this client segment with a focused service offering, and thus be well prepared for the ever-increasing demand."

Part of the team

Wegelin's Family Office Services & Advisory group will offer asset-management and advisory services to single and non-commercial multifamily offices in Switzerland and abroad.

"The over-riding advantage of the concept is that we ourselves do not offer family office services, but rather [we] focus on independent advisory services," says Kuenzi.

Earlier this year, Wegelin agreed to provide three other Swiss financial institutions -- the cantonal banks of Nidwalden, Obwalden and Uri -- with investment support and research.

Just before this, Wegelin opened a second office in Lausanne, the capital of the Swiss canton of Vaud. -FWR

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