François Savary and Cédric Mondada have launched their own independent wealth management firm, named Genvil Wealth Management and Consulting, as initially reported by «Finance Corner» on Wednesday. They are receiving support from Natalia Souto Rodríguez, a former partner at Prime Partners.

Savary is a well-known analyst in the Geneva financial sector, frequently appearing in the media. He left Prime Partners in February of this year, where he had served as a partner and head of investments since early 2016. Prior to that, he spent eight years as Chief Investment Officer (CIO) at the Geneva-based private bank Reyl. Mondada worked at Union Bancaire Privée (UBP) before joining Prime Partners.

Genvil Wealth Management and Consulting received the necessary business license from the Swiss Financial Market Supervisory Authority (FINMA) in June of last year.