Ashburton Investments and FNB Wealth and Investments plan to strengthen their global capabilities through a new partnership with international investment company Morgan Stanley Investment Management (MSIM).
The partnership aims to enhance the international equity market capabilities for both Ashburton’s and FNB Wealth and Investments’ South African clients. The partnership will also allow MSIM to gain access into new Sub-Saharan African markets where FNB currently operates, a statement said yesterday.
“We have been preparing for a partnership of this magnitude for a while. We have… cemented a stable Ashburton investment team. This partnership is the next step in enhancing our solutions,” said Ashburton CEO Duzi Ndlovu.
He said their criteria in selecting the right global investment partner included a disciplined investment process underpinned by strong research and analysis.
“They need to be a leader in the field of sustainable investing and ESG innovation, display expertise across a range of global asset classes including alternatives and have a strong long-term performance track record of global portfolios. I believe MSIM has these attributes,” said Ashburton chief investment officer Patrice Rassou.
Ruairi O’Healai, Co-Global COO for MSIM said: “Morgan Stanley has worked closely with Rand Merchant Bank (RMB) for many years, developing a strong and successful partnership. We are therefore pleased to further expand our relationship with the broader FirstRand group through a new partnership between MSIM, Ashburton and FNB.”
BUSINESS REPORT