<p>Founder and Chief Executive of Fenchurch</p> <p>Over 25 years of investment banking experience</p> <p>Formerly a Managing Director of Credit Suisse/DLJ and previously a Director of Kleinwort Benson</p> <p>Qualified as a Chartered Accountant with Arthur Andersen</p> <p>MA (Economics) University of Manchester</p>
Malik KarimSince formation, we have acted on some of the most complex transactions in the industry and demonstrated a sure touch in delivering success irrespective of market conditions.
We develop long-term trusted advisory relationships with our clients, supporting them throughout cycles in identifying and pursuing strategic alternatives. Our senior team is dedicated to every client assignment, fully committed to discretely providing the highest calibre of service, industry expertise and insight.
Our deep understanding of financial services and its inter-connectivity enhances our ability to execute M&A transactions for our clients – this is the foundation of our client proposition.
Our team of senior bankers is highly experienced and has worked together for more than two decades. We have managed to keep everyone challenged and maintain a simple business model. There is a tremendous amount of camaraderie within our team and we always operate as one business with a single agenda: to help our clients solve their strategic issues and exploit opportunities. This is facilitated by the full alignment of our business model with our clients’ interests.
Our firm is independently-managed with a partnership culture. Our track record of taking a long-term and independent view on behalf of our clients has meant that we have been privileged to secure an exceptional amount of repeat business.
As of June 2018, Fenchurch is an independently-managed affiliate of Natixis, part of Groupe BPCE.
Fenchurch is pleased to have advised Legal & General on the sale of Cofunds to Aegon for £140m. Cofunds is the largest investment platform in the UK with £77bn AUA. The sale includes the Investor Portfolio Service which provides platform services to a number of building societies including Nationwide.
L&G concluded that Cofunds requires a significant upgrade in technology to exploit its leadership position in the UK platform market and this was best achieved under Aegon's ownership as a specialist wealth platform provider.
For Aegon UK this transaction completes its strategic transformation from traditional life insurance to platform business and follows L&G’s acquisition of a £2.9bn back book annuity portfolio from Aegon in May 2016.
Mark Gregory, Legal & General Group Chief Finance Officer commented: “We were impressed by Fenchurch’s commitment to this engagement. Their deep sector relationships, intimate knowledge of the UK platform sector and first class M&A execution skills were important factors in successfully delivering this transaction.”