MitonOptimal, the Guernsey head-quartered
multi asset management business founded in 2002, is to acquire a majority stake
in Argyll Investment Services in Guernsey for an undisclosed consideration.
Following
the acquisition Argyll will be re-named MitonOptimal Portfolio Management (CI) Limited. The group will have operations in Guernsey,
South Africa and Singapore, and $600 million of funds under management.
Argyll
was established in 2000 as an independent discretionary portfolio manager. It
offers investment portfolio management services, a niche discretionary fund
management service, bespoke pension services and the Fortress Pension Plan. Like MitonOptimal, Argyll is an owner-managed
company.
The
deal is subject to final approval by the Guernsey Financial Services
Commission.
No comments:
Post a Comment