Frankfurt-based Veritas Investment and Hamburg-based Pall Mall Investment Management (PMIM) have joined forces to start a new holding company that will see many of their activities pooled.

The new holding company, Veritas Portfolio GmbH & Co will have combined assets of €2 billion.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The new company will undertake various tasks on their subsidiaries, especially in marketing & public relations, purchasing and personnel.

The directors of both companies have been appointed managing directors in addition to the holding level. Dirk Söhnholz will be the CEO and head of marketing & PR and Kerstin Behnke will be responsible for sales to come from Veritas.

PMIM sends Dirk Rogowski for finance and administration and Hauke Hess, who was also at Veritas, will now be responsible for portfolio management.

As part of the newly created business unit of some employees of Veritas Investment will transfer to the holding company. Dirk Söhnholz will continue to be responsible for the portfolio management of Veritas Investment, while Kerstin Behnke will additionally assume the operations department.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"This is not a merger. The assets will still be kept separate and the funds will continue to be managed as they have been until now," a spokesperson at Veritas said.

"The main point of the partnership is for the sharing of services like PR, marketing, recruitment and so forth. Any changes in staff through the partnership will not occur on the portfolio management side," he added.

"The skepticism about predictions but also the desire for independent opinion systematic approaches to take. We do not expect that all our approach to follow, but a diversification across different investment philosophies should increase interest in our services," Söhnholz said.