The Company
Compass Asset Management was established in 1998 by a team of professionals with extensive experience in international finance.
Wealth management
Funds
Securities Dealing
LiCol
On 1 January 2007, the Law on collective capital investments (LiCol) came into force, which for the first time in Switzerland introduces the possibility of submitting to supervision by the Federal Banking Commission (FINMA – Federal supervisory body of financial sector) the management activity of foreign collective capital investments.
Compass Asset Management was the first company in Switzerland to be authorized by FINMA under this law, with a decision of 22 February 2007. This authorization allows Compass AM to assume management delegations of foreign investment funds.
Being under FINMA surveillance means:
- obligation to document decision-making processes
- separation of functions
- duplication of roles (back‐up person)
- compliance and internal audit
- external audit entrusted to an audit firm qualified according to FINMA standards (in our case Price Waterhouse Coopers)
The review ensures that:
- accounting standards and anti-money laundering provisions are respected
- the directives imposed by FINMA regarding the company structure are respected and that the work processes are constantly applied
The auditor has the obligation to immediately report any shortcomings to FINMA.
ASG
Compass Asset Management is an active member of ASG which imposes on its members a rigorous code of conduct (Ethical Rules), which can be summarized in the following points:
- provisions to combat money laundering in compliance with the Money Laundering Act (AMLA);
- asset management mandate with protection for investors;
- provisions regarding the independence of asset management;
- the assets entrusted to management must be deposited in the bank in the name of the customer. Management takes place on the basis of a power of attorney limited to administrative acts.
The Ethics Rules are binding for all ASG members. ASG members are subjected to an annual review of internal procedures by an audit firm qualified for this purpose.
Partners
Team
Our Partners
Antonio De Bustis
Partner – Fund Management – Advisory Services
Gabriele Bruera
Partner – Ceo – Fund Management
Gianfranco Cerea
Partner – Individual Portfolio Management
Pietro Ugazzi
Partner – Client Relationship Management – Individual Portfolio Management