KBC Asset Management, the asset-management arm of Belgian bank KBC, has bought a 51% share of Auckland-based structured-products provider Liontamer Investments for an undisclosed sum. The deal represents the Belgian bank's first foray into the Australasian market.
KBC says it will help Liontamer design new products and improve its existing capital-protected products. Liontamer will now distribute open-ended funds alongside its capital-protected offerings.
Boutique fund manager Liontamer is the