Third party management company (ManCo) Carne Group has named Saro Grano as chief executive of its Swiss business.
Grano was most recently head of ETF platforms and strategic initiatives at Zürcher Kantonalbank (ZKB) Asset Management. In that role, he was responsible for building out the firm’s ETF business.
Grano was also deputy head of legal, asset management at ZKB in which he oversaw legal and compliance issues for the firm.
Carne has enjoyed a rise in its Swiss assets under management over the past year, following the merger of GAM’s Swiss Private Label fund business and Carne Global Fund Managers (Switzerland) in 2024.
There has also been a rise in headcount for Carne’s Swiss team.
“Based in Zurich, Saro will focus on strengthening Carne’s presence and delivering tailored solutions to investment managers and asset owners, including private asset and ETF capabilities across Switzerland and broader European fund domiciles,” said Mark Stockley, group chief business development officer at Carne.
“[Grano’s] appointment underscores our long-term commitment to Switzerland as a key growth market and reinforces our strategy to provide innovative, high-quality solutions to institutional clients across Europe.”
