Swisscanto Asset Management International has landed in Spain by opening a branch in Madrid, as part of its expansion process in Europe. The Luxembourg asset management company for Zürcher Kantonalbank has seen great potential in the Spanish market, and with this new office it is making its fund portfolio accessible to Spanish investors.

Swisscanto’s Country Manager for Spain will be Gonzalo Ramón-Borja Álvarez de Toledo (pictured right), who has over 25 years’ experience in asset management, 20 of them dedicated to fixed income portfolio management. In his new role, he will be responsible for promoting sales to Spanish partners, including banks, insurance companies and asset managers. He will put special focus on the wholesale segment, where the bank sees rapid growth.

Sustainable and cost-effective management
At his side will be Antonio Feito (on the left of the image), acting as Senior Sales Executive, and who declared himself to be “very excited to embark on such an ambitious project as this”, adding that, “Swisscanto’s philosophy, values and management expertise are unbeatable. We have a range of strategies that have been proving for years that sustainable management can also be very cost-effective.”

Swisscanto’s range of investment funds was created more than a quarter of a century ago and has been growing steadily ever since. Now, as Steve Michel, member of Swisscanto’s Board of Directors, pointed out, “By opening the new office in Madrid, we are entering a new market where we see a lot of growth potential to continue our expansion in the European fund business.”

Swiss precision
The active and sustainable investment funds are fully managed by over 270 specialists in the Zürcher Kantonalbank Asset Management division in Zurich, Switzerland. It has established itself as the second largest fund provider in Switzerland and closed 2024 as one of the top-selling asset managers in Europe. As at 31 March, it had over 317 billion euros managed under the Swisscanto brand.

According to Álvarez de Toledo, the institution’s differential value proposition “is sustainable and active management with Swiss precision”. Going into more detail, he explained, “We are convinced that Swisscanto’s asset management expertise can add tremendous value to investment portfolios in Spain, where there was a strong appetite for new investment solutions. We bring over 150 years’ experience in managing fixed income, equity and multi-asset strategies. Our funds are substantial, have established track records and are managed sustainably.”

Looking to the future, the Director of the Spanish subsidiary said, “We have big plans for the region, where we will continue to announce new developments. The asset management industry has enormous growth potential, because there is still a very high volume of uninvested savings in Spain. In that respect, the potential of the mutual fund vehicle is enormous.”

^{Photo: Swisscanto}