Today the Board of Directors of Barclays Plc announced the .… sale of the iShares business to CVC Capital Partners.
As the global leader in Exchange Traded Funds, iShares’ success is built on our commitment to serving investors around the world. This commitment will continue under the new ownership of iShares.
We will accelerate the development of exchange traded funds in Europe and continue to innovate our products and services. Since the start, iShares has developed its own unique culture and way of doing business, valued by our clients and partners.
This is what has made iShares such a valuable acquisition to our new owners, and they now want to build on this foundation through:
- Product excellence
- Commitment to providing outstanding service to our clients
- Firm belief in local market expertise
- Employing the industry’s top talent
- Recognition of the value of a strong brand
- Passion about the European ETF opportunity
The current leaders hip team will remain in place and once the transaction is completed, iShares will begin the transition process towards an independent stand alone entity that will create, manage and distribute products.
We look forward to further building our relationship with you in the future.
Source: ETFWorld.co.uk – Barclays Plc
Subscribe to Our Newsletter
