7IM sells off trust and private client business in Jersey
Company will continue to provide services to its platform customers on the Channel Island
Company will continue to provide services to its platform customers on the Channel Island
All staff will transfer across
Firm has ‘considerable opportunities’ to expand its client base ‘in a post-Brexit world’
But go active, as ‘passives haven’t covered themselves in glory’ says Smith & Williamson’s Burns
Just two weeks after it went into administration
After the regulator imposed restrictions on the firm in March 2021
Industry ‘still in the dark’ as speculation mounts over future fiscal measures
And assets under management of £47bn
German banking group names CEO of Italy, as industry stalwart joins expert panel at Isle of Man firm
Combined business will be responsible for approximately £44bn in assets under management
‘Unprecedented circumstances have inevitably led’ to a postponement in the M&A deal
Firms undergoing rescue or restructure can keep trading to avoid winding up