⏱ 1 min read
Background
The Alliance of Swiss Wealth Managers (ASWM) brings together large independent wealth managers. To join, a firm must manage at least 1 billion francs, do most of its business in Switzerland and not be majority-owned by a bank.
The key points
The ASWM is admitting two Geneva firms as of 1 November 2026, Targa 5 Advisors and GSK & Partners, finews reported on 29 October. The alliance now has 42 members, managing more than 155 billion francs.
Targa 5 Advisors, led by its founder Eli Mizrahi, manages around 1.3 billion francs. It specialises in clients from Latin America and aims for 3 billion within two years. GSK & Partners, founded in 2021 by Steve Klemme and George Sarkis, serves clients from the Middle East out of its offices on Rue du Rhône.
These admissions strengthen French-speaking Switzerland, which now has 17 members, compared with 21 in German-speaking Switzerland and 4 in Ticino.
Key figures
- 42 : ASWM members
- More than 155 billion francs : assets managed by members
- More than 1,710 : members' employees
- 1.3 billion francs : assets managed by Targa 5 Advisors
What it means for businesses
- Geneva independent managers : French-speaking Switzerland carries more weight within the alliance.
- Custodian banks : the alliance seeks dialogue with them and with regulators.
Who says what
- Nicole Curti (President of the ASWM, partner at Capital Y): bringing together the three language regions strengthens the exchange of expertise.
