If you have any questions or would like to get in touch, submit a call back request and our team will contact you as soon as possible or call us on 020 7499 6424 or email us at [email protected]
Brooks Macdonald maintains growth trajectory with acquisition of Lloyds Bank International’s Channel Islands wealth management and funds business
Brooks Macdonald International, the Channel Islands-based subsidiary of the Brooks Macdonald Group, has completed its acquisition of the wealth management and funds business of Lloyds Bank International Limited.
Having announced the intended acquisition in June this year, the transaction has now received all regulatory approvals, in what has been a year of reinvigoration and growth across Brooks Macdonald’s business in Jersey and Guernsey.
In particular, the acquisition will result in a significant increase in Brooks Macdonald’s Funds Under Management (FUM) in the Channel Islands by over 50%, whilst also adding a high quality discretionary client base and a multi-asset and fixed income fund range to the firm’s offering, as well as enhanced intermediary distribution capabilities.
A number of new roles have been created through the acquisition, with the firm recently relocating to larger premises in St Helier to accommodate the larger team and in anticipation of future growth.
In its most recent quarterly update, Brooks Macdonald International, announced growth in its Funds Under Management (FUM) by 3.9% to stand at in excess of £1.6 billion for the period ending 30 September 2020.
Enquiries to:
Brad Ryan
[email protected]
Direct: 020 7659 5837 Mobile: 07563 764 953
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If you have any questions or would like to get in touch, submit a call back request and our team will reach out.
Get in touch
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or call us on: 020 7499 6424
or email us at: [email protected]