May 11, 2009
GES Investment Services today announces the expansion of its business operations to Switzerland. The new subsidiary will serve all German speaking markets in Europe.
“We believe that when it comes to engagement via active dialogue on ESG issues, asset owners as well as asset managers in the German speaking markets have some catching up to do. Positive and negative screening only has an indirect impact on a company’s ESG performance, whereas engagement strategies are more straight forward. We look forward to bringing with us 17 years of working experience of RI research analysis and a proven track record in engagement from the Nordic to the German speaking markets”, says Patrick Wirth, Managing Director of GES Investment Services, in Zurich.
Patrick Wirth has previously worked as Research Director at Care Group, a Swiss asset management company committed to sustainable investing. In a partnership with Julius Baer, Care Group launched the first global fund of SRI funds in the German speaking market in 2003, where Patrick Wirth was responsible for setting up the research framework and to deliver continuous SRI fund research and market expertise to the investment committee. In addition, he has been a partner in a joint-venture called SRI Funds Advice, which provides institutional investors, asset managers and investment advisers with information they need to assess, rank, select and compare 700 SRI mutual funds alongside financial and sustainability criteria.
The new office is in close proximity to existing clients and to prospective ones in Geneva, Frankfurt, Munich and Vienna.
“We hope that the expansion to Switzerland will create stronger ties with our clients and we look forward to meeting with them on their premises”, says Patrick Wirth.