Fenergo steps into asset management with new hire

Fenergo has made forays into the asset management industry, following the creation of a new buy-side division led by the former head of asset management for Royal Bank of Canada.

According to the firm, the establishment of the buy-side firm “directly aligns with Fenergo strategic objectives”.

Fenergo plans to deploy “the same innovative technologies” to the asset management sector which it uses on the sell-side. A “significant” part of it will involve dialogue with the company’s client community.

“The establishment of our new buy-side division firmly represents our growth strategy as we fortify our presence in this sector and extend the successful brand that we have established in the Corporate & Institutional Banking markets,” said Fenergo CEO Marc Murphy.

“The establishment of our new buy-side division firmly represents our growth strategy as we fortify our presence in this sector and extend the successful brand that we have established in the Corporate & Institutional Banking markets.”

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