Bellevue, a Swiss asset management firm, has recently established a new subsidiary called Bellevue Asset Management (Singapore) in order to strengthen its presence in the Asian market.

The main objective of this strategic move is to take advantage of the growth opportunities in the region and expand the company's client base and assets under management in the coming years.

Florin Boetschi, who has been instrumental in developing Bellevue's business in Asia for the past two years, will be leading the Singapore office.

The company plans to gradually increase its team in Asia, using its current business volume as a foundation for further growth.

CEO Gebhard Giselbrecht has emphasized the importance of having local representation to drive Bellevue's activities in this significant growth region.