FRANKFURT: Two of Fosun International Ltd’s German companies are about to team up.
Lender Hauck & Aufhaeuser Privatbankiers AG plans to move its asset management unit into a joint venture with insurance company Frankfurter Leben-Gruppe at the beginning of 2019, CEO Michael Bentlage told Bloomberg News. “It makes sense to bundle asset managers within the group. It is a matter of boosting competitiveness,” he said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!