UK/GERMANY - US/German industrial group DaimlerChrysler’s pension fund has appointed Edinburgh-based Martin Currie to manage a new 70 million euro Japanese long-only equity mandate, adding to the 627 million euros of new business Martin Currie has won since the beginning of October.
Martin Currie, which recently rebranded, has won five mandates since the end of September in Scandinavia, Holland, the US and the UK. It claims to have mandates worth a potential 862 million euros in the pipeline - one of which to be for a public pension fund and will be announced soon, a spokeman says.
Martin Currie is currently merging its private client business with London-based Thornhill Investment Management. The deal is expected to be formalised on Wednesday November 20.