B Capital S.A.

Overview

B Capital SA is authorised as a portfolio manager by the Swiss Financial Market Supervisory Authority, known as FINMA, and is supervised by AOOS, a FINMA authorised supervisory organisation.¹ Investment services are delivered from the Geneva office under FINMA supervision.¹ The firm lists teams in Geneva, London, Malta, Lisbon, the British Virgin Islands and the Cayman Islands.²

The London office is operated by B Capital Services Limited and provides administrative support to B Capital SA and its clients.¹ Under Swiss law, B Capital SA serves private, professional and institutional clients.¹ Services offered to UK clients under the Berne Financial Services Agreement are available to professional and high net worth clients as defined under that agreement.¹

History

B Capital has provided multi family office services since 2008.² Lorne Baring left Barclays with his team to found B Capital in June 2008.³ B Capital announced its registration with the UK Financial Conduct Authority under the Berne Financial Services Agreement in September 2026, enabling services for UK professional and high net worth clients.⁴

Timeline

1. 2008B Capital has provided multi family office services since 2008.
2. 2026B Capital announced its registration with the UK Financial Conduct Authority under the Berne Financial Services Agreement in September 2026, enabling services for UK professional and high net worth clients.

Leadership

Lorne Baring is Managing Director of B Capital SA and founder of the B Capital group.³ He is also Chief Investment Officer, based in Geneva, and holds Securities, Futures and Options and Investment Management certificates.³ Before founding B Capital, he joined Barclays in 1998 and became head of Europe and Latin America in its Geneva office.³ From 2005 to 2008, he was Barclays’ highest revenue earning private banker and directly managed $2 billion of private banking and investment banking business.³

Mackenzie Blair is Deputy Chief Investment Officer and a member of B Capital SA’s management team, investment committee and asset management team.³ Blair is a CFA charterholder and holds CFA Level 1 and CISI Level 4 Investment Advice qualifications.³

Ben Cheetham is an Investment Manager in the London office and sits on the investment committee.³ His responsibilities combine investment work and investor relations, and he is the primary contact for UK based clients and enquiries.³ He completed a post experience Master of Finance degree at the University of Cambridge in 2023.³

Daphne Andrews is Portfolio Management Assistant and Private Banking Executive at B Capital SA, based in Geneva, and a member of the investment committee.³ Olivier Cavadini is a director of B Capital SA and provides legal advice, especially on investment management matters.³ Malcolm Manara is Director of B Capital Services Malta Ltd and works on private markets client acquisition and relationships with private equity asset managers.³ Natasha Baring is a director of B Capital Services Malta Ltd.³ Ian Bray is an ACCA qualified accountant and Wealth Manager Executive for B Capital Services Malta Ltd.³

Services

B Capital SA provides portfolio investment services on both a discretionary and advisory basis.¹ Its investment portfolio service uses low cost index tracker exchange traded funds, with management fees from 0.5% per annum and total listed costs starting at 0.63% per annum.² The firm states that its average exchange traded fund investment cost is 0.11% per annum, with some fund charges as low as 0.03% per annum.²

The firm provides private markets services through private equity funds and general partner led co investments.² It says it has built a portfolio of high growth private equity investments focused on late stage technology opportunities.² Its liquid portfolio offering includes a strategy called “Global Tech Leaders,” alongside private markets funds and co investments.²

Multi family office work covers clients’ and their families’ day to day financial needs, with online access across investments and bank accounts.² Lending Solutions arranges loans for marine and aviation assets through a panel of more than 50 lenders.² The firm can also arrange lending facilities secured on client portfolios, with stated loan to value leverage and interest margins as low as 0.50%.²

Trust services include selecting and recommending trustees, advising on proposed trust structures, providing ongoing independent advice and establishing corporate holding vehicles.² B Capital Services Malta Ltd is identified as the group head office and provides introductions to private markets opportunities.¹ B Capital Management Ltd provides corporate services and introductions to fiduciary service providers.¹

What the firm offers

• Trust and fiduciary
• Administration and bill pay
• Private and alternative investments

Client focus

B Capital SA serves private, professional and institutional clients under Swiss law.¹ Its UK services under the Berne Financial Services Agreement are for professional and high net worth clients.¹ Its multi family office services address the financial needs of clients and their families.²

Investment philosophy and approach

The firm says its investment philosophy emphasises unbiased recommendations, impartial guidance, ethics and integrity.² It describes an approach combining liquid portfolio management through “Global Tech Leaders” with private equity funds and co investments.²

FAQs

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Sources

1. B Capital regulatory information, accessed 2026-10-23
2. B Capital website, accessed 2026-10-23
3. B Capital team page, accessed 2026-10-23
4. B Capital press page, accessed 2026-10-23

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.