Success by design

FIRST PRIVATE is your reliable partner for active and systematic asset management, a role it has fulfilled for more than 25 years.

As an independent investment boutique, we focus on what we do best: managing equities and absolute return mandates. Thanks to a range of international experience, our team of portfolio managers, analysts and client advisors guarantees transparent and comprehensible investment processes. Maximising the continuity of client relationships and achieving sustainable investment success are defining features of our partnership-based approach.

FIRST PRIVATE – your partner in active asset management.

Asset Manager is founded
1991
Company name is changed to FIRST PRIVATE (management buy-out)
2003
Number of staff
24

Values

Values create trust

The success of our asset management is based not only on specialist expertise, but on a company culture that has partnership and integrity at its core. Our institutional and private investors can rely on these values as they shape everything we do.

Independence

As an independent and owner-led asset management firm, we value a highly focused approach based on continuity and dependability which, to us, constitute the vital components of a reliable product offering.

Specialisation

We play a pioneering role in the development and implementation of active, quantitative investment strategies in the areas of equities and absolute return. We select securities solely on the basis of scientifically-based methods and fundamental facts.

Durability

Our company culture is built on durable relationships. Maintaining long-term, sustainable ties to our clients and colleagues is one of our top priorities.

Systematic investing

We aim to make investment decisions that will ensure long-term success for our clients. That’s why our systematic investment processes are based on scientific methods, fundamental facts and clearly-defined rules. The potential for making situational decisions and typical cognitive mistakes is greatly minimised by our approach.

Specialisation

equities and absolute return (multi-strategy and equity long/short)

Conviction

systematic, fundamental selection of securities

Added value

active asset management without reliance on benchmarks

Partnership-based business model

we are investors in our own funds

We'd be nothing without our team

FIRST PRIVATE relies on the exceptional skills of a highly motivated and stable team. Each and every one of our fund managers has many years of experience in the investment industry and outstanding expertise in both fundamental data analysis and quantitative investment methods.

As well as an academic background – especially in the specialist fields of economics, engineering, science and IT – our team members stand out from the crowd thanks to their passion for knowledge and research. They are driven by a strong desire to keep improving our products for your benefit.

Management board
Tobias Klein, CFA
CEO | Partner
Head of Investment
30
years experience in the investment industry
Since  
1996
with
FIRST
PRIVATE
Tobias Klein, CFA
Tobias Klein is chief executive officer and a founding partner of FIRST PRIVATE. As Head of Investment, he is responsible for portfolio management and quantitative research. Over the course of his 25-year career to date, Tobias initially worked for two leading international asset managers. Since 1996, he has set benchmarks in quantitative asset management at FIRST PRIVATE. The firm's European equity funds have received numerous awards under his management. Tobias holds a degree in business engineering from the University of Karlsruhe and studied economics & finance at Stanford University.
Thorsten Wegner
COO | Partner
Managing Director
28
years experience in the investment industry
Since  
2003
with
FIRST
PRIVATE
Thorsten Wegner
As a founding partner and managing director of FIRST PRIVATE, Thorsten Wegner is responsible for the back and middle office areas. His duties include the management, supervision and organisation of the entire spectrum of operating processes and services. He is responsible for the IT, Internal Organisation, HR and Accounting units. Thorsten previously held management positions in IT and fund accounting. He holds a degree in information technology from RheinMain University of Applied Sciences.
Richard Zellmann, CFA
Managing Director | Partner
26
years experience in the investment industry
Since  
2005
with
FIRST
PRIVATE
Richard Zellmann, CFA
As a partner and managing director at FIRST PRIVATE, Richard Zellmann is responsible for the Sales & Marketing unit as well as public relations. He also oversees many individual relationships to institutional and high net worth private clients. Richard has more than 21 years' experience in various positions within the fields of asset management and banking research/sales. His previous roles include that of chief strategist and global head of research at a German Wholesale Bank. Richard holds a degree in economics from the University of Kiel.
Portfolio management
Tobias Klein, CFA
CEO | Partner
Head of Investment
30
years experience in the investment industry
Since  
1996
with
FIRST
PRIVATE
Tobias Klein, CFA
Tobias Klein is chief executive officer and a founding partner of FIRST PRIVATE. As Head of Investment, he is responsible for portfolio management and quantitative research. Over the course of his 25-year career to date, Tobias initially worked for two leading international asset managers. Since 1996, he has set benchmarks in quantitative asset management at FIRST PRIVATE. The firm's European equity funds have received numerous awards under his management. Tobias holds a degree in business engineering from the University of Karlsruhe and studied economics & finance at Stanford University.
Martin Brückner, CFA
CIO | Partner
Head of portfolio management
22
years experience in the investment industry
Since  
1999
with
FIRST
PRIVATE
Martin Brückner, CFA
As chief investment officer and founding partner, Martin Brückner is responsible for all investment processes and for implementing investment strategies. In addition, as the responsible portfolio manager he takes charge of development and quality assurance for the multi-strategy concepts. Martin has acquired extensive experience in portfolio management at major investment houses. As well as holding a degree in business administration, he studied business information technology at the European Business School and holds a bachelor's degree in computer science from James Madison University.
Andreas Kraft
Senior portfolio manager
23
years experience in the investment industry
Since  
2006
with
FIRST
PRIVATE
Andreas Kraft
In his role as a senior portfolio manager, Andreas Kraft is responsible for developing and implementing global equity investment processes. He joined the portfolio management team at FIRST PRIVATE in 2006. Andreas's previous roles include that of senior portfolio manager at a hedge fund and in the asset management at a major German private bank. He holds a master degree in economics from the European Business School. In addition, he was awarded a bachelor's degree in computer science from James Madison University.
Sebastian Müller, CFA
Senior portfolio manager
18
years experience in the investment industry
Since  
2005
with
FIRST
PRIVATE
Sebastian Müller, CFA
As a senior portfolio manager, Sebastian Müller is responsible for developing and implementing European and global dividend strategies. His expertise lies in combining fundamental equity analysis with the development of quantitative investment methods. Before joining FIRST PRIVATE, Sebastian acquired initial professional experience while working at a bank as part of his studies. He holds a degree in business administration from Hochschule Wismar, University of Applied Sciences, Technology, Business and Design.
Vincenzo Alfano
Junior portfolio manager
8
years experience in the investment industry
Since  
2016
with
FIRST
PRIVATE
Vincenzo Alfano
As a Junior Portfolio Manager in the quantitative investment team, Vincenzo Alfano is responsible for the development and implementation of global equity investment processes as well as analysis and visualisation of investment strategy data. Prior to joining FIRST PRIVATE, Vincenzo Alfano gained first professional experience within proprietary trading of the treasury department of a German bank. He studied business economics with a focus on finance and accounting at the Goethe-Universität in Frankfurt and completed his studies with a Bachelor of Science degree.
Christian Schuster, CFA
Senior portfolio manager
24
years experience in the investment industry
Since  
2005
with
FIRST
PRIVATE
Christian Schuster, CFA
Christian Schuster works in the Multi-Strategy unit of FIRST PRIVATE in his role as a senior portfolio manager. He is responsible for developing and implementing market-neutral investment strategies – including cross-asset strategies – in various asset classes such as commodities, fixed income and equities. His professional career includes previous posts at banks and single family offices, where he oversaw the development and implementation of multi-asset and absolute return strategies. Christian holds a degree in business management from the University of Hamburg.
Sofia Kolebinova-Weber
Senior portfolio manager
15
years experience in the investment industry
Since  
2015
with
FIRST
PRIVATE
Sofia Kolebinova-Weber
Sofia Kolebinova-Weber works in the Multi-Strategy unit of FIRST PRIVATE in her role as a senior portfolio manager. She is responsible for the development and implementation of market-neutral investment strategies – including cross-asset strategies – in various asset classes such as commodities and currencies. Her professional career includes previous roles at international investment banks in London. Sofia holds a degree in mathematics from Technische Universität Darmstadt as well as Paul Wilmott’s Certificate in Quantitative Finance.
Dr. SEBASTIAN WENZ
Portfolio Manager
7
years experience in the investment industry
Since  
2016
with
FIRST
PRIVATE
Dr. SEBASTIAN WENZ
Dr. Sebastian Wenz works as a Portfolio Manager in the Multi-Strategy unit of FIRST PRIVATE. He is responsible for the development and implementation of event-driven investment strategies across different asset classes – including Cross Asset-Strategies. Before joining FIRST PRIVATE, Dr. Sebastian Wenz gained first professional experience in working student programs at international investment banks. He studied mathematics at the Technische Universität Darmstadt and obtained his doctorate in business mathematics with focus on capital market research.
Holger Seib
Trading Desk
22
years experience in the investment industry
Since  
2016
with
FIRST
PRIVATE
Holger Seib
Holger Seib is responsible for processing and executing all trading desk orders as a trader in FIRST PRIVATE’s portfolio management team. Holger has extensive experience in securities trading thanks to his previous posts at various banks and investment houses. He holds a degree in banking management from the Frankfurt School of Finance and Management in Frankfurt.
Dr. Felician Dancea
Data science specialist
14
years experience in the investment industry
Since  
2007
with
FIRST
PRIVATE
Dr. Felician Dancea
As a data science specialist, Dr Felician Dancea is responsible for developing and improving data architecture at FIRST PRIVATE. This role involves both data integration and processing as well as IT infrastructure and security, in addition to data quality analyses. Felician has several years’ experience of working in the field of data science at various universities. He studied physics at the University of Cluj-Napoca in Romania and completed a PhD in biophysics at Goethe University Frankfurt.
Client services
Richard Zellmann, CFA
Managing Director | Partner
26
years experience in the investment industry
Since  
2005
with
FIRST
PRIVATE
Richard Zellmann, CFA
As a partner and managing director at FIRST PRIVATE, Richard Zellmann is responsible for the Sales & Marketing unit as well as public relations. He also oversees many individual relationships to institutional and high net worth private clients. Richard has more than 21 years' experience in various positions within the fields of asset management and banking research/sales. His previous roles include that of chief strategist and global head of research at a German Wholesale Bank. Richard holds a degree in economics from the University of Kiel.
Daniel Gutschka
Senior Sales Manager
17
years experience in the investment industry
Since  
2019
with
FIRST
PRIVATE
Dietmar Koch
Senior Sales Manager
25
years experience in the investment industry
Since  
2020
with
FIRST
PRIVATE
Marco Lennartz
Sales Manager
13
years experience in the investment industry
Since  
2018
with
FIRST
PRIVATE
Eleni Tzingouli
Sales & Marketing
26
years experience in the investment industry
Since  
2013
with
FIRST
PRIVATE
Romy Radmacher
Sales & Marketing
18
years experience in the investment industry
Since  
2006
with
FIRST
PRIVATE

Network

With the foundation of our partner network FP Investment Partners, we provide institutional clients with access to a selection of leading specialised investment teams in their segment. FP Investment Partners combines the services of all partners to provide optimal client solutions. The closely-related boutique partners are independent teams with a clear focus, long-term engagement and strong convictions. FP Investment Partner’s offering includes alternative investments, real assets and next generation quant investing.

Renewable energies for institutional investors

As the initiator of the Luxembourg investment fund platform FP Lux Investments S.A. SICAV-SIF, we enable institutional clients to gain access to investment solutions in the infrastructure/renewable energies segment. re:cap global investors ag, an affiliated renewable energies advisory firm with international operations and head office in Zug, Switzerland, focuses on investments in sustainable infrastructure in the fields of solar and wind energy for institutional investors.

Custodian

Bank of New York Mellon Asset Servicing acts as the custodian for the segregated assets of FIRST PRIVATE. BNY Mellon is one of the leading companies in the securities services field and is also one of the largest custodians in Germany.

Fund accounting

We work with Société Générale Securities Services GmbH in the front, middle  and back office areas. The services provided encompass fund accounting, statutory reporting, compliance and performance measurement.


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