Seven Advisory, the boutique investment adviser, has gained Authorisation from the Financial Services Authority (FSA). Seven will provide specialist advisory services to Asset Managers and Family Offices in the UK, Switzerland and the EEA and was formed in response to the increasing demand for Absolute Returns (AR) strategies by Investors. AR strategies provide an alternative investment proposition to many traditional investment strategies which give a high exposure to market price movements.
Cristian Caruso, an ex-UBS executive and Seven’s COO, is overseeing the movement of Seven’s existing business from Switzerland to the UK. Mr Caruso commented: “It was an important step in our on-going development to move our operations to London as the leading financial centre, and to gain our FSA Authorisation. Local and international clients understand the importance of an FSA Authorisation and the commitment that this brings to delivering quality and service to our clients.
Marco Lunardi, Seven's CEO commented: We are delighted to have received our FSA Authorisation so promptly. Our ‘Authorisation in Principle’ notice came through within one month of our application, significantly quicker than we had expected. We look forward to taking our place in the market and providing our clients with highly sophisticated investment strategies.”
Seven were advised by city consultancy Compliancy Services for the management of their FSA application and on-going FSA Compliance issues.
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