The emergence of Ignis Asset Management represents a new chapter, an evolution towards a more focused, forward-thinking asset management operation. Crucially, it does not change our intention to grow our business in terms of investment and distribution capabilities.
This focus, backed up with our financial strength and stability, ensures Ignis Asset Management is a very powerful proposition for institutions, intermediaries and retail investors alike. It means we have the necessary investment to drive our business forward, while focusing on delivering superior levels of performance, an innovative range of distinct investment vehicles and best of breed service and support for all our clients.
Our new identity, derived from the Latin for burn or spark, reflects many elements of our corporate culture including passion, dynamism and innovation. It also echoes our entrepreneurial approach to running an asset management business. The Ignis name encapsulates our ethos, dynamism and future ambitions.
The Ignis investment proposition is unique and will enable us to become one of the key players in the UK asset management industry. As we move forward, we intend to build on our proven skills to create a leading provider of investment management services.
Gavin Stewart, Chief Executive
November 2008