Resolution Asset Management Is Now Resolution Asset Management.Things are always changing in the financial world, even names. Britannic Asset Management, the Glasgow based investment fund manager many of you know and trust, changed its name to Resolution Asset Management following a merger in 2006. The following year an advertising campaign of superheroes showcasing Resolution's "heroic" talents at outperforming the competition was launched. Resolution was first started back in 1893 as The Foreman and Staff Mutual Benefit Society, a small friendly society formed at the turn of the century. Following a series of mergers, the company eventually became FS Assurance, mainly operating within Glasgow's engineering industry. The company would only become known as Britannic Asset Management after a merger in 1999 with investment operations from Britannia Building Society which retained a 25% stake. Resolution is structured completely differently from other asset management firms and features a mold-breaking multi-boutique investment structure. The might of Resolution Investments is created by eight boutique teams brought together with four joint venture boutiques: Argonaut, Cartesian, Hexam and Maia. Resolution is no stranger to change, having undergone dramatic transformations over the course of its history, especially in the past three years, to become a more focused and innovative business dedicated to delivering the best results for our clients. There has been a tremendous growth in the assets under management at the former Britannic Asset Management, which are currently around £57bn and new sales have increased tenfold. This has provided Resolution with increased credibility and enabled them to support and grow third party business. From their range of Dublin, Ireland based funds aimed at international investors, to their pioneering Liability Driven Investment products for the pension's arena, Resolution certainly won't fail for lack of being innovative. Simply changing their name from Britannic Asset Management to Resolution Asset Management was not the end of their long history of change though. In May of 2008, The Pearl Group Limited bought Resolution. The Pearl Group is a new company, set up in April, 2005, with one goal: to improve the returns that policyholders of closed funds receive. Today Pearl owns six main life company brands (Peal, Phoenix, London Life, Scottish Provident, NPI, and Scottish Mutual). In addition to these are Axial, a risk and capital management analysis house and of course Resolution, the investment house. Pearl almost definitely has a financial solution for you whether it is in equity or holdings. Britannic Asset Management may have changed, but their goals and services have only grown. |