Wachovia Global Asset Management Partners With hs. Financial Products GmbH
hs. Financial Products GmbH becomes exclusive distributor of Wachovia Global Asset Management products and services in Germany
BAD NAUHEIM, Germany—Wachovia Global Asset Management (WGAM) is pleased to announce a distribution partnership with marketing and client services firm hs. Financial Products GmbH (hsFP). Effective immediately, hsFP is the primary distributor of WGAM products and services in Germany.
WGAM is the brand name under which Boston, Massachusetts-based Evergreen Investments conducts institutional business development, sales, and distribution efforts in non-U.S. markets. WGAM provides institutional investors access to a variety of strategies, covering the full spectrum of asset classes, including U.S. Equity, U.S. Small Cap Equity, Global Equity, Emerging Market Equity, Global Fixed Income, Global Asset Reserve, Emerging Market Bonds.
“This is a tremendous partnership for WGAM as it allows us to leverage hsFP’s expertise and proven success in Germany to further develop our presence in the global institutional marketplace,” said Patrick O’Brien, head of Evergreen Investments’ international distribution. “Utilizing hsFP’s strong local presence and vast network, WGAM will seek to deliver best-in-class investment strategies to sub-advisory and institutional clients directly and through consultant relationships.”
WGAM offers investment opportunities through various platforms, including London-based Evergreen International Advisors, which oversees approximately $10 billion in assets, primarily global fixed income mandates; Newport Beach, California-based Metropolitan West Capital Management, LLC, which manages $13 billion in assets, predominantly in fundamental equity portfolios; and European Credit Management Limited (ECM), which is based in London and manages more than $30 billion in assets, predominantly in European investment grade and high yield corporate bonds, bank capital, European emerging markets, asset-backed securities, and leveraged loans for institutional clients worldwide. All asset values are as of June 30, 2008.
hsFP serves as an official representative of selected asset management companies in Germany, providing product development, marketing and after-sales services.
“We are exceedingly pleased to partner with one of the biggest American financial institutions to provide world-class products to institutional investors in Germany,” said Harald Schüssler, Managing Partner of hsFP. “We look forward to representing Wachovia Global Asset Management in the German market on an exclusive basis, providing seamless client servicing and marketing to local institutional clientele.”
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