According to a recent press release, Lucht Probst Associates (LPA) Group has opened a branch in Zurich. The company from Frankfurt specializes in development and consultation in the capital market technology sector and has already taken over AAAccell, a start-up from Zurich, back in January. Its is a spin-off from the University of Zurich and develops software for risk management and asset management using artificial intelligence and machine learning.
The press release states that the new Zurich site will focus on technology and consulting. A “significant two-digit number of employees” will be working there by the end of the year.
Roland Probst, founder of LPA and CEO of LPA Zurich says: “In opening [of] the Zürich office, the LPA Group is placing another clear footprint in Switzerland and reaching another milestone in the company’s history.” He goes on to add that the company can open up another “globally important financial marketplace” with the location in Zurich.
In addition to Frankfurt and Zurich, LPA Group also has a presence in Tel Aviv, London, New York, Paris, Copenhagen, Barcelona and Singapore. It currently employs almost 400 members of staff.