London, 7 April 2022 – Algebris Investments today announces plans to open an office in Zurich to serve clients on-the-ground across Germany, Austria and Switzerland (DACH). Johannes Wettstein, who will be appointed CEO of the Zurich office, joined Algebris in May 2021 as Head of the DACH region.
Algebris is further strengthening the team and will appoint Karolyn Krekic as Business Development Director for the DACH region. Both Wettstein and Krekic will be based in the newly established office in Zurich.
Johannes Wettstein joined Algebris from UBS. His experience ranges from Ultra High Net Worth (UHNW) and Family Office coverage of German and Austrian clients to M&A advisory in Investment Banking. Johannes also worked several years for the UBS Group Chairman, where he was responsible for strategic client relationships and the bank’s top shareholders.
Karolyn Krekic brings more than 20 years of experience in the Asset Management industry. Prior to joining Algebris, she was Managing Director at Capital Group, where she was responsible for German financial intermediaries such as banks, funds-of-funds, asset managers, insurance companies and family offices. Before that she was responsible for the German market at GAM and Julius Bär Investment Funds Services.
“The expansion of Algebris into the DACH region is a key strategic initiative of our group” says Davide Serra, CEO of Algebris Investments. “The opening of the Zurich office and the appointment of Johannes and Karolyn are a clear commitment to the region. We intend to strengthen our established relationships in Switzerland, which is one of our key markets and build a strong brand also in Germany and Austria.”
