Syz, the Swiss private bank and asset management firm, has set itself ambitious growth targets for new business after launching a hedge fund advisory arm. The firm is hoping it can keep up with its impressive growth since 2000, in which it has seen assets grow from Sfr4.2bn (€2.7bn) to Sfr6.5bn.

It also wants to expand beyond Switzerland by selling directly into the rest of Europe, in addition to its existing distribution agreements with third parties to sell its suite of Luxembourg registered funds.