Swiss banking group Edmond de Rothschild has launched a new fund management business in the UK.
To facilitate this, the firm has brought its existing asset management activities in London under one umbrella, according to the Financial Times.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Laurent Tignard, CEO of Edmond de Rothschild Asset Management, told the Financial Times that the new business has 5.6 billion assets under management.
"It will focus on developing an institutional client base with UK pension funds and consultants, he added.
The Financial Times report added that the group plans to launch an infrastructure debt fund in the in the first quarter of 2014.
The launch has been timed to correspond with the unveiling of Edmond de Rothschild’s first merchant bank in London.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe group attempts to make the UK capital its fourth global hub alongside Paris, Geneva and Luxembourg, the report said.
