EUROPE - EIM Group, a well-known player in the hedge fund-of-funds industry, is opening two new offices in Paris and Monaco.
EIM already has offices in Nyon, Zurich, New York, London, Gibraltar and Tokyo.
Patrick Susse, CEO of the EIM Group, said: “The fund-of-funds industry is developing rapidly in both these countries.
“By opening offices in Paris and Monaco, EIM is signalling its commitment to these markets, and the importance the EIM Group places on achieving the highest level of responsiveness in service and support to institutional and private investors located.
EIM (France) SA, based in Paris, has been granted a licence as a portfolio management company by the Commission des Opérations de Bourse.
Alain Zaquin has been named CEO and has assembled a team that will provide research and portfolio management services for funds-of-funds comprised of UCITS vehicles investing in traditional asset classes, and non-UCITS vehicles investing in hedge funds.
Before joining EIM, Zaquin ran an investment management company and a company offering a financial web portal, both of which he founded. Before that Zaquin spent over 14 years with Lehman Brothers, Paris.
EIM (Monaco) will be run by Aleco Keusseoglou, the new CEO.
Keusseoglou was previously co-chairman of his family’s shipping business, which he had been involved in since 1981.
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