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LGIM continues to strengthen presence in Switzerland and expands distribution team in Zurich by appointing Patrick Lutz
Legal & General Investment Management (LGIM), one of the world's largest asset managers, expands its team in Switzerland by appointing Patrick Lutz as Head of Wholesale Distribution, Switzerland. He is based in LGIM's new Zurich office and reports to Steven de Vries, Head of Wholesale Distribution Europe, UK and Latin America.
11 Jan 2023
The strengthening of LGIM’s presence in Switzerland underscores the firm’s ambitious European growth strategy, aimed at further expanding its presence in continental Europe and internationally. In October 2022, LGIM opened an office in Zurich and appointed Mauro Gerli as Head of Institutional, Switzerland.
In this newly created position, Patrick will further develop the wholesale business in Switzerland. He is responsible for client acquisition and support across private banks, global financial institutions, cantonal banks, independent asset managers, multi-family offices and wealth managers.
Patrick has more than 30 years of experience in the Swiss asset management and banking industry. Prior to joining LGIM, he held senior positions at Franklin Templeton for 14 years, most recently as Country Head Switzerland. Prior to this, he worked for Schroder’s & Co Investment Management, Zürcher Kantonalbank UBS AG, SIX Swiss Stock Exchange und Thurgauer Kantonalbank. Patrick is a Certified International Investment Analyst (CIIA) and graduated from the ZHAW Zurich University of Applied Sciences with a Bachelor of Science.
Steven de Vries, Head of Wholesale Distribution Europe, UK and Latin America at LGIM: “We are very pleased to have appointed Patrick Lutz as a highly experienced and accomplished distribution expert for the Swiss wholesale market. His personal network and profound knowledge of the asset management industry will allow us to take our distribution activities in Switzerland to a new level."
Sarah Aitken, Head of Distribution at LGIM: "Switzerland is an important market and central to LGIM’s European growth strategy. We believe the appointments of Patrick Lutz and Mauro Gerli will enable closer collaboration and support for both new and existing clients, and allow us to further develop our business in the region."
Further information
Andrew Gates
Senior Communications Manager
Legal & General Investment Management
T: +44 07702 118262
Notes to editors
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY23) of which c40% (circa £0.5 trillion) is international.
We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.
As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%.
As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.
LGIM is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.2 trillion1 ($1.5tn, €1.3tn, CHF 1.2tn). We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.
For more than 50 years, we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property, and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.
1Data as at 31 December 2023. Data combines assets under management by LGIM in the UK, LGIMA in the US and LGIM Asia in Hong Kong. Assets under management include securities and derivatives positions.