Frankfurt Trust, the asset management subsidiary of BHF Bank which in turn is owned by the Cologne-based private bank Sal Oppenheim, saw ass...

Frankfurt Trust, the asset management subsidiary of BHF Bank which in turn is owned by the Cologne-based private bank Sal Oppenheim, saw assets under management rise by 9.2 per cent in 2005 to €11.9 billion ($14.2 billion). Around €5.5 billion of the total was invested in investment funds. Frankfurt Trust said the rise in AUMs in 2005 ensures that it remains in the top ten of German mutual fund companies. And Karl Stäcker, chief executive of Frankfurt Trust, said the business had got off to a good start in 2006 with €1 billion in inflows for January and February. At a press conference in Frankfurt, Mr Stäcker said Frankfurt Trust would continue to remain independent from BHF and Sal Oppenheim, but at the same time work closely with them.