Touche Remnant (TR) was an investment trust management company. Touche Remnant Investment Management Ltd was originally part of Touche Ross, became completely independent in 1974. [1] By 1989 they had offices in London, New York and Tokyo. [1]
In 1985 they set up a joint venture with the Bank of Tokyo called the Bank of Tokyo-Touche Remnant Asset Management Limited. [1] In 1989 Paul Manduca became Chief Executive Officer of TR, whereupon he engineered their takeover by Société Générale. [2] After sustaining operating losses of £2.1m in 1990 and £3.1m in 1991 TR was bought by the Henderson Group for £42.5m in 1992. [3]