European Wealth launches fixed interest service
European Wealth, the private wealth management business has launched a dedicated service to provide private and institutional clients a fixed interest investment service through its investment arm, European Investment Management.
The service, which is aimed at private clients and institutions such as those in the public sector including health, education and financial service companies such as building societies, will provide liquidity and treasury management services to generate cash plus a return on investments.
The service will be offered on both a discretionary and advisory basis. Individual investment mandates will be developed to match specific client needs for income, liquidity and security and will be available in multiple currencies. The underlying investments will include cash, deposits and certificates of deposit, Treasury Bills, Gilts and corporate debt.
Rod Gentry, the group chief executive of European Wealth, said: “Fixed income is a core part of many of our clients’ portfolios and the events of recent years have proved how important it is to manage liquidity effectively. Our experience and success at doing this give us confidence that this service will be popular across a whole range of investors.”
European Wealth also announced the appointment of fund manager Nigel Marsh who will help establish the fixed interest service that will be run from European Wealth Management’s head office in Lombard Street, London.
Marsh has 21 years’ of experience in the debt and treasury markets and was previously part of the team at Epic Asset Management responsible for managing £2bn of assets. Prior to this he headed the fixed interest desk at New Star Asset Management and has also worked at Pavilion Asset Management, ABN Amro, NatWest and JP Morgan.