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Belvédère Asset Management
Thérèse Lucienne Meier established Belvédère in 2001 in Glarus, with the Marxer family anchoring the firm through the Marxer Stiftung.
Belvédère Asset Management
Thérèse Lucienne Meier established Belvédère in 2001 in Glarus, with the Marxer family anchoring the firm through the Marxer Stiftung. It operates as a FINMA-regulated asset manager serving Swiss and DACH-region families across asset management, estate structuring, and succession planning. In 2022 Luzerner Kantonalbank acquired a 26.8% minority interest, adding institutional ballast without altering the firm’s independent partnership and client-service model. The firm manages assets across listed securities, real estate, private credit, and art. Its Swiss real estate mandates span mixed-use properties, while the Belvédère Fonds Asia Pacific+ extends reach into regional public equity. Confirmed specialist coverage includes luxury, collectibles, and passion assets — a category served by an in-house art desk under Michael Ziegert that runs the Belvédère Kunstfenster exhibition series on Bellerivestrasse in Zurich. Investment strategy is implemented by a team led by Giorgio Saraco, supported by deputy Benny Mullis, and targets direct mandates for family clients rather than third-party fund products. The senior partnership includes Thomas Fischli (executive partner, head of clients), Giorgio Saraco (head of asset management), and Stephanie Williams (head of finance and controlling). Chairman Martin Landolt and vice chairman Florian Marxer oversee governance, while the partnership extends to client-team leads in Glarus and Zurich. July 2022: Belvédère joined the UN Global Compact, formalizing its ESG commitment alongside its Swiss Association of Asset Managers membership. The firm also sponsors Swiss ski racers Gino and Mauro Caviezel. The structural distinction is the embedded art operation — most multi-family offices rely on external advisors for collectibles, but Belvédère employs a full-time senior art advisor and runs its own gallery-like exhibition series. This lets the firm consolidate financial and passion assets under one mandate, a differentiator for families whose balance sheets include significant art holdings.
General information
Firm type
Multi Family Office
Year founded
2001
AUM
$3.35B (Altss estimate)
Location
Region
Europe
Country
Switzerland
City
Glarus
Corporate office
Glarus, Switzerland
Additional offices
Zurich, Switzerland
Principals
Thomas Fischli
Geschäftsführender Teilhaber, Leiter Kundenbetreuung
Giorgio Saraco
Teilhaber, Leiter Vermögensverwaltung
Stephanie Williams
Mitglied der Geschäftsleitung, Leiterin Operations
Martin Landolt
Präsident des Verwaltungsrats
Florian Marxer
Vizepräsident des Verwaltungsrats
Michael Ziegert
Leiter Kunst
Sector focus
Frequently asked questions
Who runs investment decisions at Belvédère?
Giorgio Saraco, a partner and Head of Asset Management, leads the investment team alongside deputy head and senior portfolio manager Benny Mullis. The team includes Yannik Rubi, Leandro Rupp, and Cédric Mattmann as dedicated portfolio managers. Oversight sits with the executive partnership and the board chaired by Martin Landolt.
How does Belvédère source its deal flow?
Belvédère sources through its own investment team and long-standing DACH-region relationships rather than through external aggregators or fund platforms. The firm’s real estate mandates originate within Switzerland, while the Belvédère Fonds Asia Pacific+ vehicle targets regional public equity via traditional manager selection. For art, in-house specialist Michael Ziegert provides direct sourcing and curation.
Is Belvédère structured as a single family office or a commercial wealth manager?
Belvédère is a FINMA-regulated multi-family office and asset manager, not a single-family office. While the Marxer family participates through the Marxer Stiftung, Luzerner Kantonalbank has held a 26.8% minority stake since at least 2022, giving it a hybrid governance structure with institutional capital alongside family-clan ownership.
Does Belvédère invest in private equity or venture capital?
The firm publicly emphasizes traditional asset management, real estate, private credit, and collectibles. It does not market a dedicated private equity, venture capital, or direct-tech investment capability. The Asia Pacific+ fund operates in public markets, and no direct, named private-company positions were disclosed in primary sources.
Where does the underlying wealth come from?
The firm does not publicly disclose a single wealth origin. The Marxer family is a named anchor via the Marxer Stiftung, and past marketing references the Caviezel family as trust clients. Beyond that, Belvédère serves a roster of undisclosed affluent Swiss and DACH families.
What is the role of art in Belvédère’s service model?
Art is an integrated practice, not an outsourced function. Michael Ziegert heads the art unit as senior art advisor and curator, managing the Belvédère Kunstfenster exhibition space at Bellerivestrasse 42 in Zurich. Clients receive collection advisory, curation, and acquisition services alongside their financial portfolio management.
How is Belvédère related to Luzerner Kantonalbank?
Luzerner Kantonalbank holds a 26.8% minority stake in Belvédère Asset Management AG. The firm remains independently operated under executive partner Thomas Fischli and the existing partnership, with the bank’s investment adding institutional credibility without changing the day-to-day management structure.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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