"When we launched the business in 2008, we thought getting to US$5 billion was the right size. But the reality is: We're not big enough. We need scale because regulatory costs are increasing; margins are shrinking and ultimately, clients' risk appetite is changing." - Tarek Khlat, Crossbridge group chief executive
"Connect Prime is private banking for the rest of us . . . We can offer what private banks offer, but on a more affordable basis. Clients are able to speak to an adviser, get bespoke planning, and it can accommodate individuals and institutions." - Charlie O'Flaherty, Crossbridge partner and head of digital strategy
EXTERNAL asset manager (EAM) Crossbridge Capital aims to more than double its assets under management from the current US$4.5 billion to around US$10 billion over the next five years.
Crossbridge group chief executive Tarek Khlat said that achieving scale is critical if the group is to...