Jersey has boosted investor access to Central and Eastern Europe by granting permission for Austrian bank Raiffeisen Zentralbank (RZB) to distribute a number of its funds from the Island.
Seven Vienna-based funds, all of which meet UCITs III standard, will be managed by the investment management arm of RZB, Raiffeisen Capital Management (RCM), and will add €5bn to the total value of funds listed in Jersey. The funds being distributed through the Island will include the Raiffesisen Eastern European Equities Fund; Raiffeisen Eurasia Equities Fund; Raiffeisen Eurovision Bonds Fund and Raiffeisen Euro Bonds Fund. RZB’s new Jersey office, in particular the business development and marketing side, will be managed by Richard Buchanan, who has spent 30-years in the offshore indu...
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