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German to English translations [PRO] Bus/Financial - Finance (general)
German term or phrase:Wettbewerbsdepot
From an investment manual.
Wir steuern Wettbewerbsdepots bei verschiedenen Banken, üben Vermögenstreuhand- und Vermögenscontrollingfunktionen aus und gründen internationale Holdings und Familienstiftungen.
The client has explained that the “Wettbewerbsdepots” are a real thing: several Investment Companies get a test depot and have to show the manage it well. Out of this competition may or may not come the mandate. Any ideas?