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Asset manager Fairfield Greenwich, Swiss bank Banque Bénédict Hentsch to merge10/09/2008. Source: AltAssets. 
 Alternative asset management specialist Fairfield Greenwich and Geneva-based Swiss bank Banque Bénédict Hentsch have merged. BBH will change its name to Banque Bénédict Hentsch Fairfield Partners.
The merger will allow BBH clients to gain access to Fairfield Greenwich's platform of single manager hedge funds, funds of hedge funds, real estate funds and customised portfolios of hedge funds, while Fairfield Greenwich clients may now access BBH's broad suite of wealth management services, the firms said in a statement.
Walter Noel, Fairfield Greenwich founding partner, said, 'As Fairfield Greenwich has grown, and as the hedge fund industry has matured, we have evolved toward a more comprehensive view of alternative investments, asset management, and banking as interrelated disciplines. Recently, we have added a number of key senior professionals from the world of banking and wealth management to help lead our several lines of business. We believe that our partnership with a firm of BBH's outstanding quality brings us even more directly into the vanguard of global alternatives managers who are finding new and interlocking opportunities through expansion and business development across multiple financial industry sectors.'
Bénédict GF Hentsch, BBH founder and chairman, added, 'Fairfield Greenwich and BBH share a basic philosophy and approach of capital preservation as well as a deep commitment to client service. As we bring together our two firms, we are very confident that many powerful synergies exist for both Fairfield Greenwich and BBH and that the clients and investors of both groups will greatly benefit.'
BBH and Fairfield Greenwich will each have two members from the other sitting on their respective board. Bénédict Hentsch and Robert Pennone will become directors of Fairfield Greenwich Group and Charles Murphy and Mark McKeefry will join the board of Banque Bénédict Hentsch Fairfield Partners.
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