Edmond de Rothschild Asset Management (EdRAM) is pulling back from the UK retail market less than a year after unveiling a 20-strong range, by relocating staff to Europe and making a number of redundancies including head of UK wholesale Daniel Lee, Investment Week understands.
The group, which has €55bn AUM across an array of asset classes, is relocating fund managers based in the UK to Paris, Luxembourg and Geneva as it refocuses its asset management business on home markets....
Ceremony on 29 November
92.9% of SJP investment complaints upheld
Government requires 'boldness' to overcome long-term challenges
Under the rules of EMIR
Also launching hedged currency share classes for existing products