Multi-family office NewOak has become one of the first firms of its type to be granted a license under the new Financial Institutions Act (FinIA).
The Swiss regulator, FINMA, requires all asset managers to acquire such a license by the end of 2022.
NewOak pitches itself as a multi-Family Office, “offering [clients] a far better scope and quality of services than what [they] have been receiving to date”. It has offices in Geneva and Zurich.
The firm’s chief ...
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