Cinerius Financial Partners, an international network of independent asset managers, has announced the acquisition of GSLP International, a Luxembourg-based asset manager managing €500m in assets. This marks the first time a Luxembourg company has joined the Cinerius Group, which made the announcement on Tuesday 25 November 2024. The transaction, which is still subject to regulatory approvals, is expected to be completed in the first quarter of 2025.
Founded in 1987, GSLP will continue to operate as an independent entity, retaining its current management team–Norbert Lersch, Arnd Brügggenwirth and Stefan Schlicher–following the integration. The company stated that it expects its affiliation with Cinerius to accelerate its growth strategy.
In a press statement, Norbert Lersch, managing director of GSLP, expressed confidence in the partnership, noting that Cinerius would provide long-term stability and independence. He emphasised that the collaboration would act as a growth driver for both customers and employees, while also facilitating long-term succession planning for the company.
Sibylle Peter, a board member of Cinerius Financial Partners, highlighted that GSLP’s 35 years of experience as an independent asset manager in Luxembourg would align well with the Cinerius Group’s strategic objectives. She explained that the acquisition would bolster the group’s presence in Luxembourg, a key financial hub in Europe.
Following GSLP’s integration, Cinerius Group will expand to ten partner companies operating in Switzerland, Germany, Liechtenstein and Luxembourg, with a combined workforce of approximately 170 employees across 15 locations. The group, which manages assets totalling around €15bn (CHF 14bn), serves approximately 6,500 clients.