Syz Asset Management pulls out of Asia

Geneva-based private bank Syz has shut down its office in Hong Kong, marking an end to its asset management business in Asia, 10 years after it set up in the city, AsianInvestor can reveal. “Syz Asset Management has decided to centre its activities in Geneva and to concentrate on continental European markets,” a spokesman for the bank told AsianInvestor by email. As a consequence, the Hong Kong office closed at the end of 2016, he added. The firm had not been offering its wealth…