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European Wealth acquires Xcap Nominees

By Kirsten Hastings, 25 Nov 15

Integrated wealth management firm European Wealth Group has acquired Xcap Nominees, bringing an additional £30m ($45.5m, €42.8m) in assets to European Wealth’s Manchester office.

Integrated wealth management firm European Wealth Group has acquired Xcap Nominees, bringing an additional £30m ($45.5m, €42.8m) in assets to European Wealth’s Manchester office.

In addition to servicing clients throughout the UK, European Wealth’s Manchester office has an increasing international focus providing a range of investment services to professional intermediaries across the Far East.

European Wealth was recently appointed the preferred discretionary investment manager to the Montpelier Group of businesses based in Malaysia and Thailand. The group has combined assets under management in excess of £100 million.

John Morton, executive chairmen of European Wealth, commented: “Manchester is a key regional centre for our business.  This deal further strengthens the asset base of the business and emphasises our commitment to building our presence here.”

Details of the acquisition were not disclosed. 

"This deal further strengthens the asset base of the business and emphasises our commitment to building our presence here.”

Tags: Wealth Management

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.