BRUSSELS -
June 5, 2014 -
PRLog -- Fife Hamilton Associates Chairman Richard Clarke has confirmed that the board of directors is in talks with a major European-based banking conglomerate with a view to a possible merger of the company.
Richard Clarke, in a brief statement, did confirm that there has been outside interest in Fife Hamilton for a long time because of the company’s diverse and experienced management personnel and their ongoing success in acquiring pre IPO shares in a number of equities on the Asian markets. Its management team has been very careful not undermine its status in the industry and has made successful returns for both their institutional clients and their ever-expanding retail client base in a sometimes, difficult climate.
“The talks are very constructive and discussions are ongoing which we hope to conclude soon” said Clarke. Any such move would be subject to regulatory and other conditions
Fife Hamilton wants more clarity in the markets and believe current regulation are not strong enough for private investors in the wake of LIBOR scandal (London Interbank Offered Rate) and perceived malpractices perpetuated by many other banks and want to see more protection given to retail investors.
Fife Hamilton Associates, which is now based in Brussels, Belgium has a worldwide client base and plans to open a new office in Hong Kong within the next four months to build on its experience in the expanding Asian markets, not only that of China but the ‘Tiger’ economies of Vietnam, Thailand, Myanmar and Laos.