IFM sets up office in Switzerland

"We recognise the importance of the Swiss retirement market and its increasing allocation to non-traditional assets by long-term investors," said chief executive Brett Himbury.

Swiss public and corporate pension funds have already invested close to CHF 500m with IFM investors, which manages investments in alternative asset classes, including private equity. The assets under management in private equity have grown to A$1.8bn (€1.1bn).

The asset manager has also appointed Anna Demarmels to head the Swiss operation, and lead business development efforts. She joined IFM six years ago, and has focused on leading IFM's activities in Switzerland.

IFM has nine offices around the globe, including London and Berlin. It has also established a new office in Seoul in 2017 and has added new members in its Hong Kong office.

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