Carthesio Investment & Advisory

Massimo Biglia serves as Chief Investment Officer and Fund Manager, responsible for top-down asset allocation and manager selection. CEO Federico Bianchetti oversees the broader wealth management and advisory business. The investment committee structure is not publicly detailed, but the atelier model suggests Biglia holds primary discretion with input from the in-house fund management team.

Carthesio uses a fund-of-funds architecture, building portfolios by selecting external managers rather than originating direct deals. The team draws on networks rooted in Swiss private banking — former affiliations include UBS, Lombard Odier, and Lloyds TSB Private Banking — to access institutional-quality fund offerings, supplemented by an international network of specialists for due diligence and niche exposure.

Carthesio’s primary vehicle is the fund-of-funds approach, allocating client capital across third-party managers. The website also notes that the firm operates as a manager of collective investment schemes and offers discretionary asset management, which may include direct positions in public securities at the discretion of the CIO. No direct private company co-investments are publicly disclosed.

The firm tags ClimateTech, Energy Transition & Renewables, and the Circular Economy as sector focuses, indicating a thematic tilt in manager selection. However, for its registered funds, Carthesio applies SFDR Article 6, meaning it does not formally integrate sustainability risks into the investment process nor does it consider principal adverse impacts. This creates a pragmatic ESG posture — sustainability-themed allocations without binding fund-level mandates.

Carthesio targets Swiss and international entrepreneurial families as its core clientele, operating as a multi-family office. The firm also serves institutional investors under its FINMA license, acting as a manager of collective investment schemes. Its Lugano base in Italian-speaking Ticino positions it to serve Italian and Swiss-Italian wealth, though the client footprint extends across Europe.

No. Carthesio SA is an independent Swiss company established in 2001. While several principals previously held roles at UBS, Lombard Odier, and Lloyds TSB Private Banking, there is no parent company or controlling financial group. The firm operates autonomously with executive partners and financial partners in the corporate structure, maintaining full independence from any single bank.

Carthesio is linked to Fondation OTIUM, a separate philanthropic foundation. Details on the foundation's focus areas, grant-making activity, or governance are not publicly disclosed on the Carthesio site. The foundation appears to operate as a distinct legal entity, maintaining separation from the firm's commercial asset management activities.