Collins Stewart buy Guernsey investment managers
Friday 19th March 2010, 3:00PM GMT.
Chief executive Grahame Lovett
COLLINS Stewart Wealth Management, which has its headquarters in Jersey, has bought a Guernsey-based investment management company.
The firm has bought Corazon Capital Group and the move will put a further £368 million in assets under discretionary management.
It means that the business now has assets under management and administration of £5.9 billion.
The firm’s results were also published this week and showed growth of 6.8 per cent in business levels. Net inflows for the financial year were over £330 million.
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