Banque Heritage’s new head of fund selection is trimming the bank’s lineup of third-party funds.
“We have more than 50 selected funds and we want to reduce the number to 30-35,” says Cedric Priuso, who joined the bank in September.
First of all, the bank will withdraw low-liquid funds that are insufficiently used by clients. Given the size of the boutique, it has to be efficient, Priuso says.