Stahl: " Hermes, as we expanded from one institution embrace retail "

24/09/2013 15:42


  Harriet Steel, Global Head of Business Development at Hermes Fund Managers ,Hermes On Sale he joined the group a little less than two years ago and led his entry into the wholesale markets in the UK and Europe.

"Before he [ November 2011 ] , I thought Hermes was a solid plan. It was an opportunity to make a platform , which was owned by the largest pension funds in the island , and turn a traditional manager in an innovative company ," steel said .

When she described the company as " a start-up ' type merits assets thirds were very small, she said : " They were only a few billion " .

To stimulate the development of the steel increased business development team 20 Décembre 2011-52 to date. This helped contain important as Ian Pascal as Director of Marketing and Communications of Barings , Rhodri Mason, head of investment solutions and product strategy and development manager Clive Selman wholesale in the United Kingdom of Man Group .Hermes Birkin Handbags

" There were ripe , but no fruit to distribute suggestions , she said. " We have a lot of products were of good quality for the wholesale market, but also that we are not able to address in the correct stage , the retail market .

After recognition competitors with the pressure of the Retail Distribution Review (RDR ) and its impact on their traditional activities have been faced , steel could start with classes only own shares.

On the back of the establishment of a 12 - strong range of Dublin -based investment fund , Steel said Hermes now manages $ 24.9 billion of client assets through books alternatives to actions and division of fixed income securities .

Steel focuses on the '20 % of beneficiaries who manage 80 % of the assets , Hermes Kelly Handbags " as well as global banking platforms and discretionary asset managers, tripling the number of external clients it manages. Indeed, third-party assets by 150 % in January 2012 as a € 2 billion five billion dollars in September.

 


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