22 MAY 2002

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Investors’ Corner
Lombard Bank to acquire participation in Gasan Fund Management

Lombard Bank Malta and the Gasan Group have reached an agreement in terms of which the Bank will acquire a 75 per cent participation in Gasan Fund Management Limited.

However, the agreement is subject to the completion of the usual due diligence procedures and to the regulatory approval of the Malta Financial Services Centre (MFSC), for which application is being made.

Gasan Fund Management Limited was set up in 2001 and is licensed by the MFSC to provide investment services. It is mainly engaged in the promotion, development, distribution and management of collective investment schemes, which include the Gasan Funds SICAV.

Lombard Bank and the Gasan Group aim to use their expertise and resources to further develop the activities of Gasan Fund Management Limited. They expect the deal to result in an enhanced product offer, increased distribution capabilities and the opportunity to venture into new areas of asset management.



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Editor: Saviour Balzan
The Business Times, Network House, Vjal ir-Rihan San Gwann SGN 07, Malta
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