Touche Remnant

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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]

References

  1. 1 2 3 "Touche Remnant Investment Management Ltd". Macmillan Guide to International Asset Managers. Macmillan Education UK. 1 January 1989. pp. 269–272. doi:10.1007/978-1-349-10905-0_65. ISBN   978-1-349-10907-4.
  2. ↑ "'Man with a dream of a city empire'". Independent.co.uk. Retrieved 2015-05-13.
  3. ↑ Durman, Paul (8 December 1992). "Henderson pays pounds 42.5m for Touche Remnant". The Independent. Retrieved 6 November 2017.
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