Parmenion
PEOPLE MOVES: Parmenion, Indosuez WM, Deutsche Bank
Platform hires ex-Openwork chief commercial officer, as wealth firm names Singapore executive director
PEOPLE MOVES: SJP, Carrick Wealth, Deutsche Bank
Wealth manager hires director for retirement, while South African firm names regional manager
Martin Gilbert-backed firm buys 30% stake in Parmenion
It sees ‘significant opportunities to develop’ the platform via organic and inorganic growth
European private equity firm snaps up Parmenion for £102m
It has ‘significant capital’ to help the platform ‘grow and consolidate’ within the wealth sector
Standard Life struggling to sell Parmenion
It wants to ‘simplify’ the business and ‘address areas of lower contribution’