AXA Opening Zurich Office

AXA Private Equity, the private equity arm of the French insurer, has opened an office in Zurich in what it says is a “response to private equity investment opportunities among investors in the Swiss market”.

 

The Paris-headquartered firm said that the move will also strengthen its international presence and its links with Switzerland's AXA Winterthur, its wealth management arm. AXA Private Equity already has offices in London, Frankfurt, Milan, New York and Singapore.

 

Martin Kessi will head the new office and oversee AXA Winterthur's existing portfolio of private equity investors as well as providing services for Swiss private banks and family offices.

 

The Zurich office will also look for secondary opportunities on private equity portfolios held by large local institutional investors.

Switzerland's private equity association said that investments were up 8.2% in 2007 to