Press releases
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 PR Manager
Legal & General Investment Management
T: +44 (0)20 3124 4363
Notes to editors
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which a third is international. We also provide powerful asset origination capabilities. Together, these underpin our leading retirement and protection solutions: we are a leading international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.
*at 31 Dec 2022
Legal & General Investment Management
Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.29 trillion1. 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.
1Globally, we manage assets of £1.42 trillion or CHF 1.75 trillion as at 31 December 2021 (source: LGIM internal data as at 31 December 2021). The 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.
*at 11 Jan 2023
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In the European Economic Area, it is issued by LGIM Managers (Europe) Limited, authorised by the Central Bank of Ireland as a UCITS management company (pursuant to European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011), as amended) and as an alternative investment fund manager with "top up" permissions which enable the firm to carry out certain additional MiFID investment services (pursuant to the European Union (Alternative Investment Fund Managers) Regulations 2013 (S.I. No. 257 of 2013), as amended). Registered in Ireland with the Companies Registration Office (No. 609677). Registered Office: 70 Sir John Rogerson's Quay, Dublin, 2, Ireland. Regulated by the Central Bank of Ireland (No. C173733).
LGIM Managers (Europe) Limited operates a branch network in the European Economic Area, which is subject to supervision by the Central Bank of Ireland. In Italy, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Commissione Nazionale per le società e la Borsa ("CONSOB") and is registered with Banca d'Italia (no. 23978.0) with registered office at Piazza della Repubblica 3, 20121 Milan, (Companies' Register no. MI - 2557936). In Germany, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the German Federal Financial Supervisory Authority ("BaFin"). In the Netherlands, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Dutch Authority for the Financial Markets ("AFM") and it is included in the register held by the AFM and registered with the trade register of the Chamber of Commerce under number 74481231.Details about the full extent of our relevant authorisations and permissions are available from us upon request. For further information on our products (including the product prospectuses), please visit our website.