Press Release - CITE to work with Banque Bonhôte

Banque Bonhôte appoints CITE for their Corporate Governance & Due Diligence competence and mandates CITE to support its Acceleration Capital program

Click here for PDF-Press Release: Banque Bonhôte (Neuchâtel) and CITE Investments (London) have agreed to the terms of a Service Level Agreement that will allow both entities to collaborate on asset management company sourcing, due diligence and the provision of acceleration capital by Bonhôte Fund Solutions, a newly created entity at Banque Bonhôte.

Banque Bonhôte will use the relationship with CITE to strengthen its investor relations partnerships and uses CITE as an independent source in identifying asset management talent. It is proud to be an early adopter in asset management companies Corporate Governance, particularly in the hedge fund space.

“CITE has struck a chord with their approach to Hedge Fund Corporate Governance with our investors. For the past six months we have been evaluating our acceleration capital program with CITE and we believe it is beneficial for our clients to engage an experienced team with a strong background in asset allocation for the benefits of our clients. CITE’s sourcing capabilities of emerging asset manager’s fits with our wish to provide acceleration capital to great new talent”, says Steve Métrallet, Head of Bonhôte Fund Solutions. “We expect to engage with CITE across due diligence and corporate governance. Our Program comprises the Bank and a limited number of institutional partners (Private Banks, Family Offices, and Wealth Managers) that collectively manage over CHF20bn.”

“Banque Bonhôte has come up with a novel acceleration capital model. We are proud to have been appointed by such a prestigious bank to support their business development needs”, Sascha Klamp, CEO of CITE Investments confirms. “Banque Bonhôte will be able to build a first class asset manager program. It will be one of the first houses to endorse investor representation via a Corporate Governance code on a larger scale.”