Asset manager Ethenea and Mainfirst have merged their distribution support units in the newly formed company called Fenthum.
Based in Luxembourg, Fenthum will take over the sales support activities of both fund companies with immediate effect.
Support for institutional investors and individual client support for Germany and Austria will remain with Mainfirst.
"The merger of the teams will generate advantages for both customers and services provided," commented Dominic Nys, executive director and global head of Business Development, Fenthum.
Ethenea, Mainfirst and now Fenthum are majority-owned by Swiss company Haron Holding.