German private bank Sal. Oppenheim and Prumerica Financial have joined to create a mutual fund distr...
German private bank Sal. Oppenheim and Prumerica Financial have joined to create a mutual fund distribution network for the German market. New funds are to be created especially for the German market, but no details have yet been released. However, the products are likely to be domiciled in Luxembourg and cover the global markets. Initially the group will offer its existing fund range to Germany until further products are developed. The products will be branded Oppenheim Prumerica. Sal. Oppenheim currently focuses its business on asset management for high net worth individuals and...
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