Blue Owl Capital has opened its first dedicated office in Zurich, Switzerland, as the firm expands its presence in Europe.<\/p>\n
The alternative asset manager said the office increases its global reach and establishes permanent local resources within the market. It will also support the firm\u2019s engagement with financial intermediaries in Switzerland, including private banks and wealth managers, Blue Owl said.<\/p>\n
The Zurich office will be led by Philippe Benedetti, managing director, private wealth Switzerland, who joins the firm from Schroders, where he covered intermediary and institutional clients in the market from 2021.<\/p>\n
Read more: Blue Owl hires former Barclays exec to bolster Japan business\u00a0<\/a><\/p>\n \u201cThe opening of our Zurich office reflects our commitment to building a meaningful presence in one of the world\u2019s most important financial markets,\u201d said Doug Ostrover and Marc Lipschultz, co-chief executive of Blue Owl. \u201cSwitzerland has a distinguished history in asset management and banking, and it is central to the growth of our European business.\u201d<\/p>\n The new base marks Blue Owl\u2019s eighth office in the Europe, Middle East and Africa region as well as its twenty-fourth globally, the firm said.<\/p>\n Overall, Blue Owl has $319bn (\u00a3236.4bn) of assets under management across its platforms, including credit, real assets and general partner strategic capital. Blue Owl\u2019s Private Wealth platform serves more than 175,000 clients globally.<\/p>\n