MAY 6, 2002

Bankers chasing F1 money

In recent times the banks have been looking for ways to raise more money and a few of them have hit on the idea of trying to convince wealthy people in sports and entertainment to let them manage their investment portfolios.

IN recent times the banks have been looking for ways to raise more money and a few of them have hit on the idea of trying to convince wealthy people in sports and entertainment to let them manage their investment portfolios. Given the amount of money that some stars are making these days, this is not a stupid idea.

Insinger has just set up a Sports and Entertainment Business and has appointed Damon Hill's lawyer Michael Breen to head the division. And guess who the first client is... Damon himself.