EIM Group and Gottex Fund Management to generate 10 billion
The profitable merger between Arpad Busson's EIM Group and Joachim Gottschalk's Gottex Fund Management that closed in late December 2013 will yield roughly $10 billion worth of assets under direction by Q3 of 2014.
The substantial amount would be the result of a larger offering given by the newly amalgamated business, with additional areas integrated in their investment portfolio. There will be a bigger focus on Asia as a good investment area, in addition to an additional focus on risk and infrastructure solutions as aspects for investment guidance.
The agreement, which has been executed during the initial few months of 2014, has produced 14 million brand-new shares for the existing stakeholders of Gottex Fund Management. The larger system for investments will drive both groups into the higher ranks of investment firms. 70 % of the shares in the recent business will come under the control of the current shareholders of Gottex Fund Management.
Structurally, the existing Chief Executive Officer of Gottex Fund Management will be the brand-new CEO of the merger, whilst Arpad Busson will be the non-executive chairman of the firm. The merger, it has been confirmed, happened because of an understanding developed through the long friendship between Arpad Busson and Joachim Gottschalk, that's lasted 20 years.
Before the merger, EIM Group was responsible for around $3 billion worth of resources under management. Gottex Fund Management, a firm on the Swiss stock exchange, controls assets under management worth roughly 91.1 million Swiss francs.
The amalgamation will include the integrating of the two business' head offices and workforce, with the headquarters of the brand-new business going to be based in London. Currently, 15 of EIM Group's 50 employees are situated in the capital , whilst Gottex Fund Management has 40 of its 125 personnel situated in London. This will spare the two companies $10-$12 million in the costs of managing the new merger.