Swiss asset manager Bellevue has established a subsidiary in Singapore to accelerate its expansion across Asian markets. In an exclusive interview with finews.tv, Portfolio Manager Marcel Fritsch outlines the firm’s next steps and highlights the long-term potential of healthcare investments – even amid tariffs, political uncertainties, and other challenges.
Investors with a focus on US tech stocks have often overlooked the significant potential offered by healthcare companies in recent years – a trend that may be shifting now, according to Marcel Fritsch of Bellevue Asset Management in an interview with finews.tv.
«An aging population and the rise in chronic diseases worldwide create substantial demand,» added Fritsch, head of healthcare funds & mandates at the Zurich-based firm, which is now expanding its operations in Asia.
Healthcare Least Impacted by Tariffs
Tariffs recently imposed by US President Donald Trump on various goods are also expected to impact the healthcare sector.
«Every sector is affected,» Fritsch remarked, although he expects that healthcare might be the least impacted due to its relatively low production costs compared to sales costs, which results in healthy margins.
AI in Healthcare
While recent healthcare trends are undoubtedly emerging from the US, the Swiss asset manager sees a wealth of innovative activity in Asia as well, particularly in connection with artificial intelligence (AI).
«Thanks to artificial intelligence (AI), major innovations are now possible, making this traditionally defensive sector even more attractive,» Fritsch said. «Many biotech firms are working with DeepSeek.»
Subsidiary in Singapore
Against this backdrop, Bellevue Group established a subsidiary in Singapore in early January this year. After nearly three years of servicing institutional clients and banks on the ground, the firm now has a legal entity, enabling it to even better serve its clients and support further growth in the region.
«Singapore is our hub in Asia, and we plan to gradually expand our team here,» Fritsch shared.
The Singapore subsidiary is headed by Florin Boetschi, who has overseen the expansion of Bellevue’s business activities in the region over the past three years, as finews.asia reported earlier.
Growth Opportunities in Asia
«Our stronger local presence will certainly help increase our assets under management and capitalize on growth opportunities in Asia,» added Bellevue CEO Gebhard Giselbrecht.
«The existing business volume in the region provides a strong foundation, which we can further expand with enhanced local representation. With Florin Boetschi, as our head of distribution Asia Pacific and a proven expert on the Asian markets, we are well-positioned to drive the growth of our activities in this dynamic region.»
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