Australia’s LM starts marketing into the UK
LM Investment Management, the Australia headquartered global investment manager, has received approval from the UK Financial Services Authority to market its suite of products.
An office has been established in Knightsbridge, London and senior appointments to manage sales and marketing operations into the UK and European markets will be announced shortly.
Peter Drake, founder and CEO of LM said the firm has been marketing its funds for many years to authorised advisers throughout the UK.
“Obtaining FSA authorisation enables LM to target a wider range of investors and to launch specialist funds into the UK and wider European marketplaces. We have some exciting plans which we intend to reveal shortly.”
LM has operated in Australia for the last 15 years, and has grown its global distribution to more than 73 countries. It manages assets with a “realisation value” of approximately A$3.3bn, a statement said.
The company employs 130 staff worldwide out of nine offices; Gold Coast and Sydney in Australia, New Zealand, Hong Kong, Bangkok, London, Canada, Dubai and Johannesburg.