PE company snaps up majority stake in UK wealth manager
This follows the private equity firm’s investment in platform Parmenion in 2021
Parmenion
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Parmenion rolls out centralised investment proposition tool for IFAs
As it embarks on ‘new direction’ to become adviser firms’ CIP ‘provider of choice’
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Parmenion sets up adviser-DFM partnership programme
It will unveil more initiatives to improve its investment proposition ‘in due course’
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PEOPLE MOVES: Parmenion, Indosuez WM, Deutsche Bank
Platform hires ex-Openwork chief commercial officer, as wealth firm names Singapore executive director
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PEOPLE MOVES: SJP, Carrick Wealth, Deutsche Bank
Wealth manager hires director for retirement, while South African firm names regional manager
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Martin Gilbert-backed firm buys 30% stake in Parmenion
It sees ‘significant opportunities to develop’ the platform via organic and inorganic growth
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European private equity firm snaps up Parmenion for £102m
It has ‘significant capital’ to help the platform ‘grow and consolidate’ within the wealth sector
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Standard Life struggling to sell Parmenion
It wants to ‘simplify’ the business and ‘address areas of lower contribution’
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Standard Life Aberdeen to sell IFA platform
Newly appointed CEO looking to ‘simplify offering to financial advisers’
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PEOPLE MOVES: Kleinwort Hambros, ANZ, QB Partners
Wealth manager makes six hires, while Australian firm names Hong Kong CEO
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PEOPLE MOVES: UBS, Morningstar IM, Lowes Group
Wealth giant appoints CEO of Europe SE, while investment manager hires UK head of business development
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PEOPLE MOVES: Natixis WM, Deutsche Bank, Lombard Odier
Two executives appointed at the wealth manager, while German bank makes hire after job cuts