Frank Russell, the multi-manager, has extended its European network of mutual fund distribution alliances by agreeing a partnership with BMW Bank, the carmaker's financial services arm.
The bank has more than 500,000 customers and the alliance gives Frank Russell its entry to the German retail market. Frederic Jolly, the managing director of Frank Russell in Europe, the Middle East and Africa, said: "The arrangement is exclusive for a period. I may not reveal the length of the exclusivity.
