Beat Wittman – Excited About China
The investment veteran also maintains that oil stocks across the globe continue to offer superior dividend yields and has an unwavering interest in China.
About Beat Wittman
Co-founder, chairman and partner of Porta Advisors, Beat Wittman is a Swiss global investment specialist with over three decades of experience in banking and investment in a variety of industries mainly based in Switzerland. Wittman achieved his masters of science in economics at the University of Basel in 1985 and launched his career at UBS in Zurich where he eventually held the role of Head of European Equity Products and Strategy. Wittman went on to join the Credit Suisse Group Company Clariden Leu where he served for over a decade as CEO of investments products. In 2009 Wittman co-founded Dynapartners Ltd. and in 2013 he co-founded TCMG Asset Management Ltd. In 2015 he co-founded Porta Advisors and in 2017 he was appointed as chairman of Finos.
While Beat Wittman has predominately worked in Zurich in Switzerland, his investment interests have taken him across the globe. His team at Porta Advisors consists of an independent and experienced group of international experts who provide valuable recommendations and support in global investment transactions. Wittman is interested in stakes in financial services and luxury goods companies across Europe. He is also particularly interested in the capital market in China and encourages investors to find investment avenues in areas of economic development in the country, whether it involves iron ore, luxury or consumer goods or commodities.
Wittman regularly speaks about the investment potential of China and Europe. He has said on several occasions that the economic development along with low-interest rates and financial market consolidation in Europe has turned the area into a breeding ground for lucrative investment opportunities. The investment veteran also maintains that oil stocks across the globe continue to offer superior dividend yields and has an unwavering interest in China.
In 2017 Beat Wittman was featured in the financial media advocating a merger between Julius Baer and Credit Suisse Switzerland. He said that the European banks had not overcome their problems after the economic downturn of 2008. According to Wittman there has been a substantial cash injection for mergers and acquisitions from the United States to Europe and Chinese investors are also strongly interested in European companies, particularly Swiss companies. Wittman claims that this is the reason why investment in big European banks is worth exploring. While the investment specialist is positive about European banks, he takes a different stance on banks in the United Kingdom, especially in light of the Brexit-related decline experienced by sterling. Wittman further predicts that politics in the United Kingdom will remain unstable and unproductive making the outlook for sterling bleak. Instead, the investor suggests that China’s global role will grow and speaks about different investment strategies to gain a foothold in the world’s second-largest economy.