TGM partners with the ASX listed company Income Asset Management Group
TGM has agreed to partner with the ASX listed company Income Asset Management (IAM) Group who have traditionally offered cash management services. IAM recently invested in Fortlake Asset Management, which has a joint venture agreement with TGM, and are setting up a dedicated funds management distribution area for Fortlake and TGM. The combination of IAM, Fortlake and TGM resulted in the development of a combined Treasury Management Service, providing an innovative approach to the management of cash, fixed income investments and currency exposures. TGM has also agreed for IAM to invest in TGM. TGM remains an independent company and there is no change in control. The investment by IAM in TGM is a very exciting development that will strengthen and support TGM’s continued development of innovative products and services to meet client needs.