Platinum Wealth Management has opened in Zurich. Guna Mahalingam, formerly of Skandia Leben, will run Platinum Wealth Management (PWM) AG and has also been appointed Head of International Retail Sales for the Platinum Group.
PWM AG is part of the Platinum Group of companies, which develop and distribute structured products on funds of hedge funds, offers private wealth management services, and partner with hedge fund managers.
In October, PWM launched the first savings scheme giving qualified investors access to a fund-of-hedge funds portfolio, with a minimum investment of 150 a month. PWM aims to bring approved versions of this savings plan structure onshore in Europe. This is the main reason for the opening of PWM AG in Zurich.
“I am very pleased to welcome Guna to the Group and equally pleased by our overall and continued speed of expansion,” says Peter Sprecher, Chairman of The Platinum Group. “Platinum Wealth Management broke new ground with the launch of our Savings Program and will do so again with the forthcoming launch of new or related products. This growth requires a robust and experienced team to which, I know, Guna will make an important contribution.”