GERMANY – There’s to be a new name in the German investment consulting market – FondsConsult Institutional.

The new entrant – to be based in Munich - is a venture of Complementa-Investment Controlling of St. Gallen, Switzerland and German funds research firm FondsConsult.

The decision to set up is a response to a predicted increase in demand for such services, the companies said in a statement.

Joachim Meyer, founder of FondsConsult and managing director of FondsConsult Institutional, said: “From our experience more and more German institutional investors are going to increase their demand of complete pragmatic solutions and innovative tools.”

Michael Brandenberger, chief operating officer of Complementa, added: “Thanks to the perfect match of our core competence and infrastructures we can become a ‘big player’ with an individual character.”

“The entrance of a such well established company in the German market will freshen up the consulting-scene. From an investor’s position are various offers and strong competition absolutely welcome", said Klaus Kirschenhofer, a former board member of Wacker-Chemie-Pensionskasse and the head of investment management at Siemens.

Complementa Investment-Controlling was set up in 1984 by Dr. Benjamin Brandenberger and has about 80 employees in St. Gallen, Zurich and Vaduz. FondsConsult Holding was established in 1993 by Joachim Meyer and Ruediger Saelzle and has 20 staff in Munich and Vienna.

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