Following Jersey General acquisition, FRIAM base office in Channel Islands

FirstRand International Asset Management (FRIAM) has been established, following the acquisition of Jersey General Group Holdings. The company is set to consolidate its entire international asset management capability through a new head office in Jersey, writes Joanne Frearson. FRIAM will be the holding company for Jersey General Group Holdings subsidiary companies Ashburton and Ansbacher and all company products will be run out of Jersey. As a result of the move, Ashburton is to inherit Ansbacher's hedge funds and multi-manager products. All of the FirstRand Group's internati...