SYZ Asset Management, the institutional asset management arm of Swiss banking Group SYZ & CO, has appointed Derek Borthwick as business development director for Scotland, the North of England and Northern Ireland.

Borthwick will promote SYZ Asset Management’s capabilities, including the SYZ AM and OYSTER funds.
 
He joins SYZ Asset Management from JP Morgan Asset Management, where he was responsible for leading fund distribution to clients in the northern region of the UK.
 
Borthwick will be responsible for promoting the full range of SYZ Asset Management’s capabilities in the northern region of the UK market, including segregated mandates as well as the SYZ AM and OYSTER funds.
 
Borthwick will report to Ian Penrose, UK distribution director.
 
Before joining SYZ Asset Management, Borthwick was vice-president of sales at JP Morgan Asset Management, where he was responsible for distribution of their fund range to discretionary wealth managers, advisory IFAs, private banks and life insurers in Scotland and Northern Ireland. Prior to that, he worked for four years at Fidelity International as senior sales manager.
 
“I am excited to be joining the SYZ team to promote their successful and diverse product range. The breadth of high performing strategies, available as funds and mandates, gives me plenty to talk about and I look forward to introducing fund buyers in the northern region to our suite of products,” says Borthwick.
 
Penrose adds: "Derek is extremely well respected in the industry and brings a long track record of building lasting relationships with investors. We are delighted that he has chosen to join us for the next phase of development in our UK business.”