Dexia Banque Internationale à Luxembourg announced today the acquisition in the UK of Ely Fund Managers (Holdings) Ltd.
Fund Managers (Holdings) Ltd has assets under management in excess of
EUR 830 million and specializes in managing bespoke portfolios for
private clients, family trusts, charities and pensions. The company is
based in London and Hampshire and has three operating subsidiaries with a
total staff of 55: Ely Fund Managers Ltd and Pembroke Asset Management
Ltd, looking after high net worth private clients and Independent
Investment Management Ltd, concentrating on charities. In 2000, Ely Fund
Managers (Holdings) Ltd totaled net profits of EUR 1.3 million.
This acquisition will improve the coverage of Dexia in wealth management activities in the UK.
Press contact : Guy Bertemes / Dexia BIL - tel. : (+352 4590 3879)