ABN AMRO Private Banking and Lyxor Asset Management have entered into a partnership for hedge fund solutions, which significantly strengthens the bank's offering for clients.
The partnership enables ABN AMRO Private Banking to offer its clients access to a wide selection of Lyxor Asset Management hedge fund products, based on the firm’s managed accounts and the bank’s own open architecture principles. Lyxor Asset Management’s platform allows the bank to offer clients the key requirements of transparency and liquidity, as well as control and ownership of assets.
“Our clients around the world increasingly demand a broad spectrum of hedge fund investment opportunities and this partnership provides them with direct access to a comprehensive range of solutions from one of the strongest and most consistent performers in the industry,” said Richard Bruens, Global Head Products & Solutions of ABN AMRO Private Banking.
Under the partnership, ABN AMRO Private Banking can offer a selection of multi manager products both offshore and in UCITS III format within the European Union. Also on offer is an actively managed portfolio, which comprises Lyxor Asset Management single strategy single manager funds as well as single strategy multi manager funds, which can be used on a thematic basis.
The products are available to ABN AMRO Private Banking clients in Belgium, Germany, France, Switzerland, Luxembourg, Hong Kong and Singapore and the Netherlands.
ABN AMRO Private Banking is the international wealth-management division of ABN AMRO Bank with EUR 150 bln* of total assets under management, offering more than 120,000 high-net-worth individuals a full range of banking, investment management, financial and estate planning products and solutions.Our domestic and international offices in 13 markets worldwide employ over 4,000 professionals and include the respected private banks ABN AMRO MeesPierson in the Netherlands, Delbrueck Bethmann Maffei in Germany and Neuflize OBC in France. We rank amongst the top 10 private banks in Europe and enjoy a strong position in Asia. Visit us at www.abnamroprivatebanking.com.
(* annual reports of ABN AMRO Bank and Fortis Bank Nederland for 2009)
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