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November 30, 2011updated 04 Apr 2017 3:45pm

Nemesis, Galt and MacDeven form partnership to service Europe and Brazil

Monaco's Nemesis Asset Management has entered into a strategic partnership agreement with two Brazil-based wealth managers, Galt Capital and MacDeven Asset Management, to promote each other’s services in Europe and Brazil.

By BBR Staff

Under the strategic partnership agreement, the three wealth management firms will provide consultation services to high net worth individuals (HNWIs) and institutions on both continents.

The partnership is also aimed at opening up the Brazilian market to European investors and vice versa.

Nemesis is an independent management company based in Monaco and London that rose from the ashes of Lehman Brothers. A former Lehman minority partner, Pier-Alberto Furno, purchased the shares of the liquidated investment bank and launched his independent firm.

"One of the consequences of the financial crisis is that some clients have lost trust in large investment banks and they are turning to smaller independent asset managers for higher quality, independent service," said Furno, chief executive of Nemesis.

As Brazil was able to pass the financial crisis relatively unscathed, leading to a large amount of wealth creation, it is being viewed with increasing attention and interest by international investors, wealth managers and private bankers alike.

This strategic partnership, says Furno, will give their European clients a better avenue to invest in the growing economies of South America, which he believes will prove advantageous for his clients.

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