(Alliance News) - Financial services firm and asset manger Frenkel Topping Group PLC said Monday it has created a joint venture with personal injury law firm Horwich Cohen Coghlan Ltd.
The venture, which will have equal ownership, will be named HCC Investment Solutions.
"HCC Investment Solutions will develop new and innovative investment products for the personal injury market. The joint venture will also support Ascencia Investment Management to create bespoke investment solutions and support future asset under management growth," Frenkel said.
Ascencia is Frenkel's discretionary fund manager.
Frenkel Chief Executive Richard Fraser said: "We are very excited to be partnering with HCC, a highly regarded law firm dedicated to helping those who have suffered major trauma, serious and minor injuries. HCC and Frenkel Topping are culturally-aligned and we are both focused on putting our customers first and ensuring that they get the best services."
Shares in Frenkel Topping were untraded in London on Monday but last closed at 40.20 pence each.
By Paul McGowan; paulmcgowan@alliancenews.com
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Frenkel Topping (FEN)