The Geneva-based asset manager invested heavily in recruiting and technology this year. 2018 will be no different, according to CEO Fiona Frick. 

Unigestion stole a march on rivals by purchasing private equity firm Akina earlier this year, a deal which added $1.2 billion to the Genevan firm's assets, CEO Fiona Frick told news agency «AWP» (in German).

She expects the firm, which has in the past primarily pursued growth organically, to hike its assets between 8 percent and 10 percent this year – the average growth rate of the last five years. Unigestion manages $26 billion.

Blockchain Move

As a result, Unigestion plans to hire roughly ten bankers this year, Frick said. The management-owned firm's 230 employees are spread around nine offices globally.

Unigestion clinched a blockchain partnership mit Northern Trust and IT giant IBM in February. The asset manager wants to use the promising technology to simplify its management of private equity funds. Frick also wants Unigestion to join fund platformAllfunds Bank in order to strengthen its distribution power