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....
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In June 2016, immediately before the Brexit referendum, a curious thing happened.