Dryden Partners Decides to Delay the Opening of Their Office in Europe
Taipei, Taiwan--(Newsfile Corp. - September 26, 2022) - At a press conference, Steve Dryden, Chairman of Dryden Partners has stated that the official launch of their new Zurich office has been postponed until the second quarter of 2023. The federal and state levels of government in Switzerland are preparing for "extreme scenarios" in light of potential energy shortages this coming season. As energy prices have skyrocketed, several governments have had to make cuts to their budgets. Russia's state-run energy business has kept a pipeline shut off that supplies natural gas to Europe.
"We have chosen to delay the opening of our new office since Russia's invasion of Ukraine has caused the most severe energy crisis in Europe in decades," said Steve Dryden. "If the worst were to occur, the future of companies and jobs would be challenged, as would social stability. We have seen tremendous growth in assets under management and this long-term investment in Switzerland is a logical step in keeping Mr. John Dryden's vision alive. Switzerland is an important expansion market for Dryden Partners, we know that establishing a physical presence here and hiring locally would help us better service our current European clientele and attract new business."
"With the energy crisis looming over Europe, prices have skyrocketed," said James Clarke, Managing Partner. "A prudent decision was made by the board of directors to postpone the launch of the Switzerland office. We have a great team in place, and this is just the beginning of our increased involvement in the area. We've been around long enough to know how to handle both good and poor market times and we use that knowledge to provide stable returns and excellent service, no matter what the market's doing."
ABOUT DRYDEN PARTNERS
Now, after nine years in business and with over 150 seasoned specialists from across the world working for the company, the firm manages assets worth $1.3 billion USD. Dryden Partners' top analysts, economists, traders, and Senior Wealth Managers have worked together to get where they are. In terms of total return over the last six years, the foreign equities portfolio managed by Dryden Partners has consistently beaten all major benchmarks by an average of 28 percent every year. Visit https://drydenpartners.com/ for more details.
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