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Fortis opens in Frankfurt

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Fortis Bank is opening a representative office in Frankfurt to take advantage of the change in regulations toward investing in hedge funds in Germany. The Benelux bank will extend the Fortis Prime Fund Solutions business in Germany to offer administration, custody and financing to alternative and traditional asset managers. According to a company spokeswoman, Fortis sees Germany as a promising market due to its regulated hedge fund market. Eric Jacobson has been appointed as managing directo