ZOL.L Regulatory News (ZOL)

27 Feb 2008 14:35

Crosby Capital Partners Inc27 February 2008 Crosby Capital Partners Inc. ("Crosby") Crosby Capital Partners participates in the formation of SW1 Capital LP. February 27th - Crosby Capital Partners Inc. ("Crosby") is pleased to announcethat it has taken a 25% partnership interest in SW1 Capital LP, ("SW1"). SW1 isa newly formed asset management partnership that brings together a diverse teamof experienced investment banking, asset management and technology professionalswith an extensive track record of developing new business initiatives. SW1 hasbeen established as a response to the significant and continuing changes to thestructure of the asset management industry. The initial focus will be oncompleting a number of transactions, that will create the risk management andoperating infrastructure on which a comprehensive suite of alpha and betagenerating products can be built. SW1 currently has no investments orinterests. In addition to their current responsibilities at Crosby, Simon Fry, Crosby CEO,and Johnny Chan, Crosby's Group Managing Director responsible for AssetManagement, will be joining SW1 as Limited Partners and will have an economicinterest in the partnership. Their interest has been approved by the Board andRemuneration Committee of Crosby in lieu of any compensation they may otherwisehave received from Crosby in relation to Crosby's revenues, profits andactivities due to the Firm's stake in SW1. Simon Fry, CEO of Crosby, commented: "Crosby's involvement with, and stake inSW1, is an exciting development at a time when the investment managementindustry is undergoing radical change. The ever-increasing institutionalinterest in alternative investment products together with the associated demandfor a robust, transparent risk management and operating platform provides anopportunity for new entrants, such as SW1, to establish a competitive advantageover existing players. Our stake in SW1 will complement our existing assetmanagement businesses and I am looking forward to working with the partners atSW1 to realize the vision of creating a truly next generation asset managementbusiness." For further information please contact Steve Fletcher (Chief Operating Officer) +44 20 7590 2800 About Crosby Capital Partners Crosby Capital Partners Inc. is a leading independent deal-focused Asia-orientedmerchant banking and asset management group. Crosby is quoted on the AIM marketof the London Stock Exchange. Further details can be found on Crosby's websitewww.crosby.com. This information is provided by RNS The company news service from the London Stock Exchange