Reinforcement of Management at Fortune Management Inc.
Peter Moertl New CEO Asset Management
ots-CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
10 March 2006 - Fortune Management Inc., a company listed at the Frankfurt Stock Exchange, has appointed Dr. Peter Moertl (48) effective immediately as CEO Asset Management and member of the Management Board.
By this appointment, Fortune Management consistently pursues its aim to continue its strategy in the field of Asset Management to consolidate independent asset managers. In addition thereto, it is planned to solicit top teams of private bankers in order to further the growth of the existing asset management companies.
Dr. Moertl is a Wall Street veteran, having worked for over two decades at JP Morgan, Deutsche Bank and UBS in the areas group strategy, asset management and private banking. Peter Moertl has just left CEPAX AG, an independent, strategic advisory firm focussing on growth strategies for investment management firms and international family offices, where he was a Managing Partner & CEO. Peter is a guest lecturer at the Swiss Banking School on wealth management and family office topics. He has a Doctorate degree in Law from the University of Vienna, Austria, and an MBA from the American Graduate School of International Management, "Thunderbird", USA. He is also an Alumni of various executive programs at Harvard, Wharton and INSEAD.
Profile of the Fortune Management Inc.: FORTUNE Management Inc,
Zug/Switzerland, pursues two parallel consolidation strategies: In
the Asset Management division the acquisition of independent asset
management companies operating in Switzerland and abroad is in the
centre of the interest; in the Private Equity segment Fortune focuses
on the acquisition or establishment of private equity managers and
funds on a global scale. Both operations work from the same platform.
FORTUNE has subsidiaries in Zug, Zurich, Geneva and Dubai. The
company targets the acquisition of a majority share in the asset
management or private equity companies. With the integration into the
group, the acquired companies of both segments are relieved from as
much administrative work ("middle office") as possible. They continue
to operate in the market under their established trade name. Neither
the customer nor the custodian bank relationships of the asset
managers are altered. The realized economies of scale result in
improved cost ratios. In the Asset Management division the support in
the areas of research as well as portfolio management aims to enhance
the risk-adequate return for the asset managers clients. In the
Private Equity segment the companies achieve an increase in volume
and a broadening of their base.The shares (ISIN: USU 026281027) of the company are listed at the Geregelter Markt [Regulated Market] (General Standard) of the Frankfurt Stock Exchange.
Picture Dr. Peter Moertl: http://www.presseportal.de/story.htxEURfirmaid=57289&keygroup=bild
end of announcement euro adhoc 10.03.2006 09:58:17
Further inquiry note:
For further information please contact:
Fortune Management Inc.
Christian Hillermann
Investor Relations Manager
Tel.: +49 40 / 23608-897
Fax: +49 40 / 23608-500
Email: ir@fortune-management.com
Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Index: Prime All Share, HDAX, CDAX
Börsen: Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Frankfurter Wertpapierbörse / regulated dealing/general
standard