LRI Group and Augeo Capital Management, subsidiaries of Apex, have become one single brand, LRI Group.
Augeo, formerly Warburg Invest Luxembourg, is to change its name to LRI Capital Management as part of a move by Apex to unite the two management companies under one common brand.
According to LRI Group, consolidating the Augeo and LRI business under one single brand demonstrates its intention to deliver a united future for the ManCos with a common ownership structure.
The management board for the newly combined LRI Group will include Frank Alexander de Boer, Thomas Grünewald and Utz Schüller who will oversee the management of more than 200 employees in Luxembourg.
Frank Alexander de Boer, managing director of LRI Group, said: “Bringing together these two successful businesses under one brand, LRI Group, will further strengthen our combined market position as a leading provider of third party management services.”
Utz Schüller, managing director, LRI Group, said: “Through joining these two entities together under one brand we are placed in an excellent position, able to offer clients flexible solutions through an open architecture business model, combining extensive understanding of client requirements and structuring solutions with established working relationships with a broad range of specialist service providers.”
