AUSTRALIA - London investment house Rothschild Asset Management (RAM) is in talks with an undisclosed number of fund managers with a view to finding a potential partner for its Australian operation, Rothschild Australia Asset Management (RAAM).
Talks for a new alliance are expected to take place over the next few months, with a decision likely in 1H 2002.
Commenting on the move, Rothschild chairman, Baron Eric de Rothschild, said: Rothschild has previously been approached by a number of major financial organisations expressing an interest in participating in the investment management business that RAAM has established in Australia.
The partner we select will bring additional capabilities and expertise to RAAM, which will be very positive for clients, staff and the future growth of RAAM.”
In recent years, RAAM has operated as an autonomous unit within Rothschild, its London-based parent. The proposed change will not affect the rest of Rothschild's worldwide investment management business.
By Madhu Kalia
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