Belvoir Capital AG

Overview

FINMA lists Belvoir Capital AG in Zürich as a manager of collective assets.¹ The firm says it received FINMA approval as an asset manager of collective investment schemes under Article 18 CISA in April 2016.² Belvoir describes itself as an independent, entrepreneurial manager of collective assets and multi family office.³ It says it operates in Zurich, Lugano and Lausanne, Switzerland.³

The company says it is backed by a family owned banking group.³ It describes its work as combining expertise, innovation and careful execution in strategies that extend beyond traditional wealth management.³

History

Belvoir traces its roots to 1996.² Its current form emerged in 2014 when BSZ AG Vermögensverwaltung and IFP Independent Financial Partners AG merged and adopted the Belvoir Capital AG name.² The company reported seven employees and approximately CHF 250 million in assets under management at the end of 2014.²

A 2015 succession transaction involving about 30 mandates increased reported assets under management to approximately CHF 600 million.² In 2016, Belvoir says it took over about 20 clients from Yves Lombard Asset Management through a succession plan.² The firm launched its online wealth management platform, Belvoir Direct, in 2020.²

Belvoir Capital AG and Alasia SA merged in December 2024.⁶ The announcement describes Alasia as a FINMA regulated wealth management and corporate advisory boutique within PKB Group, owned by the Trabaldo Togna family.⁶ The merged company operates independently as Belvoir Capital, with Steffen Bauke as CEO and existing Belvoir partners as qualified shareholders.⁶

Timeline

1. 1996Belvoir traces its roots to 1996.
2. 2014Its current form emerged in 2014 when BSZ AG Vermögensverwaltung and IFP Independent Financial Partners AG merged and adopted the Belvoir Capital AG name.
3. 2015A 2015 succession transaction involving about 30 mandates increased reported assets under management to approximately CHF 600 million.
4. 2016The firm says it received FINMA approval as an asset manager of collective investment schemes under Article 18 CISA in April 2016.
5. 2020The firm launched its online wealth management platform, Belvoir Direct, in 2020.
6. 2024Belvoir Capital AG and Alasia SA merged in December 2024.

Leadership

Umberto Trabaldo Togna is Chairman of the Board.⁴ Luca Venturini and Stefano Veri are Board Members.⁴ Alexandre Weintraub is Board Member, Managing Partner and COO.⁴ Steffen Bauke is Managing Partner and CEO.⁴ Alessandro Trabaldo Togna is Managing Partner and CFO.⁴

Claudia Selim leads Relationship Management, Stephan Kiefer leads Asset Management, and Sebastian Scherrer leads Operations and IT.⁴ Kiefer’s biography describes more than 33 years of experience in asset management, private banking, hedge funds and family office structures.⁴ His previous roles include Copernicus Wealth Management, ACORO Asset Management, Rothschild & Co Bank, Helvetische Bank, Merrill Lynch and Credit Suisse First Boston.⁴ The biography also says he has managed multi billion discretionary mandates and advised ultra high net worth individuals, family offices and institutional clients.⁴

Services

Private client work covers wealth analysis, structuring, management and controlling.⁵ The analysis considers client needs, expectations, risk tolerance and risk capacity when setting investment objectives.⁵ Structuring addresses investment principles, eligible or excluded asset classes, custodian bank selection and the wealth management agreement.⁵

Belvoir generally manages mandates through a multi asset approach informed by its investment committee.⁵ Its in house controlling system compares targets with actual results and supports at least quarterly reporting and adviser discussions.⁵

For institutional clients, the firm provides access to selected investment managers through investment funds.⁵ It evaluates actively managed funds, supports asset liability management challenges and applies quantitative review, qualitative review, due diligence and manager assessment during fund selection.⁵

The firm lists liquid investments, direct investments, real estate and club deals among its investment areas.⁵ Its listed products include Crypto Alpha Strategy ETI, Belvoir Global Allocation Fund and Belvoir Global Allocation II Universal.⁵

What the firm offers

• Private and alternative investments

Client focus

Belvoir identifies itself as a multi family office serving family wealth with an expanded perspective.⁵ Its stated client groups include private clients, families and institutions.⁵ The firm says it seeks to remain a partner for asset owners across generations.⁴

Investment philosophy and approach

The firm says its approach emphasizes attentive client work, clear communication, defined objectives, innovation, experience and personal involvement.⁴ It says investment policy and technology are areas where it remains open to new approaches while retaining continuity with established practices.⁴

Belvoir says it develops solutions around each client’s circumstances and maintains a direct, human relationship.⁴ It also says it invests in people and modern technology and regularly reviews organizational processes for efficiency.⁴ The firm describes itself as agile and flexible in its ability to act.⁴

Assets

Belvoir reported approximately CHF 250 million in assets under management at the end of 2014 and approximately CHF 600 million after a 2015 succession transaction.²

FAQs

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Sources

1. FINMA, authorised institutions list, accessed 2026-10-23:
2. Belvoir Capital, company history, accessed 2026-10-23:
3. Belvoir Capital, homepage, accessed 2026-10-23:
4. Belvoir Capital, about us and team, accessed 2026-10-23:
5. Belvoir Capital, services, accessed 2026-10-23:
6. Belvoir Capital, merger and integration of Alasia SA, 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.