A new investment management company is looking to target opportunities offshore by offering a bespok...
A new investment management company is looking to target opportunities offshore by offering a bespoke service to high net worth individuals and corporate markets.
The venture, Meteor Asset Management, is being set up by Graham Devile and Phil Saunders, who previously worked together at structured products provider Investa.
Devile, managing director of Meteor, said they saw an opportunity to provide a more bespoke service to suit people's needs, along with a standard product offering.
He said: "Having spent numerous years working in the financial services industry, Phil and I felt it was time that an investment manager provided a solutions' based model that enabled corporates, pension funds and individuals, together with their advisers, to work with an organisation that could provide solutions which addressed their investment issues.
"While the team is best known for its work in the structured product market, and we anticipate quite a lot of activity in this area, Meteor is looking much wider than this. Hence we are positioning ourselves as an investment solutions company."
Devile said, that in addition to developing its presence in the UK, Meteor was also in discussions to have a presence in offshore jurisdictions. He said he believed its offering would be particularly suited to various markets in Europe and Middle East.
Meteor will be launching the first of its products to the IFA market over the coming weeks. Saunders, business development director at the firm, said: "We have received a very positive response from all parties when we have revealed our plans. Graham and I have been working with various organisations on a number of new products and ideas.
"Our aim is to offer products to the retail market which are outside the run of the mill offers from the established players, albeit we are bound to have some plain vanilla products too. In targeting the corporate and high net worth individuals' markets we will also be offering bespoke solutions in addition to a range of products for their more day to day investment requirements."
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