LONDON, February 26, 2014 /PRNewswire/ --
Renta 4 Banco and Hanson Asset Management (HAM) have agreed to enter into a joint venture to develop their investment management and advisory businesses. As part of this alliance Renta 4 Banco and HAM have entered into an agreement where, subject to FCA approval, Renta 4 Banco will purchase a 14.99% shareholding in HAM.
This alliance enables HAM to strengthen its access to clients in Spain and Latin-America in the areas of bespoke investment management and investment advisory centred on providing high quality investment advice coupled with a highly personalised service. HAM will also help Renta 4 Banco to source, structure and execute investment mandates in the myriad of Spanish opportunities currently available predominantly in direct private equity and real estate.
HAM values highly the near thirty year successful track record and experience of Renta 4 Banco in developing a business focused on wealth management, the capital markets and an advisory service for corporate clients in Spain and subsequently expanding its business into Latin-America and is convinced it will help develop its own platform. HAM's network of global contacts will be of great benefit to Renta 4 Banco and its clients.
Juan Carlos Ureta, President and founder of Renta 4 Banco, said: "This agreement furthers our ambition to build an international business and represents Renta 4 Banco's first step to gain a direct presence in the important financial centre of London. We have found in HAM the ideal partner who shares our core beliefs and philosophy."
The Hon Robert Hanson, Chairman of Hanson Asset Management, said: "This agreement will create a great alliance. Renta 4 Banco's strong position in Spain and Latin America, built up over almost 30 years, will give us privileged access to the Spanish speaking market for our investment management activities. We are very excited to be working alongside the Renta 4 Banco team."
Notes to Editors:
About Renta 4 Banco
Renta 4 Banco is a Spanish Bank specialising in wealth management, capital markets and corporate advisory with €10 billion of client assets and over 55,000 proprietary clients and a further 255,000 third party clients who trade with Renta 4 Banco to buy their investments or their pensions.
Renta 4 Banco already has 59 branches throughout Spain and is expanding in Latin-America with new operations being developed in Chile, Peru and Colombia. The firm was founded in 1985 to offer quality financial services to savers and investors, on the basis of independency of industry partners, being an absolute specialist and with total commitment to its clients.
Today, Renta 4 Banco is listed on the Spanish Stock Exchange (ISIN ES0173358039 Ticker R4 :MCE) and is part of the modernization of the financial culture in Spain and still has the same ambition: to serve our clients, shareholders and stakeholders.
Hanson Asset Management:
Hanson Asset Management was founded in 2010 as an independent investment and advisory firm to formalise the management and oversight of the Hanson Family's financial affairs under an FCA umbrella with a mandate that included liquid and alternative investments with real estate. In 2012 the firm began to act for other families, high net worth individuals and entrepreneurs. Hanson marries the best of a family office with a global financial institution.
The firm has three divisions: Advisory, Investment Management and Investment Consulting. Our Advisory practise helps clients make high quality investments in private equity and real estate and we arrange club deals. While our Investment Management service offers discretionary and advisory portfolio management. Investment Consulting asses risk for clients in the management of their financial affairs and monitors their investment managers.
HAM's main objectives are to achieve as high a return as possible for every client's acceptable level of risk and every effort is made to avoid capital losses. Wealth preservation is paramount in all that we do. We offer clients the same high level of service that might be expected from a sophisticated family office.
Hanson Asset Management
8th Floor, 1 Grosvenor Place
Renta 4 Banco
Paseo de la Habana 74
SOURCE Renta 4 Banco and Hanson Asset Management (HAM)