Dresdner and Allianz change names to adam
Dresdner’s Australian asset management subsidiary, Dresdner RCM Global Investors, has changed its name to Allianz Dresdner Asset Management (adam) following the successful acquisition of all of the issued capital of Dresdner Bank AG byAllianzAG.
Previously a single equity investment style provider, adam Australia will now offer a range of equity styles and asset classes from within the broader adam Group.
Headed by chief executive Peter Rayner, adam Australia will be responsible for the marketing and client services for the Dresdner RCM, Dresdner Asset Management, Oppenheimer Capital and Allianz Hedge Fund Partners products.
Though each “manufacturer” will remain independent and retain its individual style, process and name, adam will become the umbrella brand name for all of these products.
“Being part of adam provides our clients with access to the group’s entire range of equity capabilities and styles,” Rayner says.
The name change aims to finalise a regional re-positioning process of Dresdner’s asset management business in the Asia Pacific, which is focused on penetrating both the institutional and mezzanine markets in the Asia Pacific region.
The process involved the introduction of Allianz Hedge Fund Partners (the former Citibank team) to the Australian consultant community and the integration of the Australian clientele of New York based Oppenheimer Capital into adam’s Sydney based client service and marketing platform.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
