- The pension fund mandate will be managed in Milan by the Credit Suisse Balanced Solutions team, specialized in multi-asset management
AdvisorPrivate – February 24, 2020
Credit Suisse Asset Management was selected to manage the balanced passive mandate of the growth sector of the Fonchim pension fund for approximately 260 million euro and confirms its in-depth expertise and long track record in the segment of occupational pension funds in Italy. With this operation 
the number of institutional mandates managed by Credit Suisse Asset Management rose to 31 with assets of 6.45 billion euros.
Fonchim, a supplementary funded pension fund for workers in the chemical and pharmaceutical industry and related sectors, it is the second Italian pension fund for assets under management and decided to confirm its trust in the Credit Suisse Asset Management team for the management of the balanced mandate. The mandate will be managed in Milan by the Credit Suisse Balanced Solutions team, specialized in Multi Asset management, which boasts proven experience on the institutional market also thanks to the local presence of all the functions involved in the management of mandates, integrated at group level.
Patricia Noah, head of institutional clients in Credit Suisse Asset Management Italy, explains that “we are pleased that Fonchim, the second largest pension fund in Italy by assets, has decided to renew its trust in Credit Suisse Asset Management after years of collaboration. Our distinctive skills in the management of institutional mandates allow us to be positioned as a partner on all asset classes, thanks to our expertise in passive and specialized mandates that characterize the management of the largest institutional portfolios, also in other countries"
“With this mandate, Credit Suisse Asset Management in Italy manages almost 1.7 billion euros in passive institutional mandates”, concludes Noè.
