Tuesday 01 December 2020

UK-based investment management services provider Brooks Macdonald Group plc (LSE: BRK) has closed the acquisition of Lloyds Bank International's Channel Islands wealth management and funds business through the its Brooks Macdonald Asset Management (International) Ltd. subsidiary, the group said.

The acquisition was initially announced on 24 June 2020.

Brooks Macdonald Group, through its various subsidiaries, provides investment management services in the UK and internationally.

The group, which was founded in 1991 and began trading on AIM in 2005, had discretionary funds under Management of GBP 13.7bn as at 30 September 2020.

Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions, charities and trusts.

The group also provides financial planning as well as offshore investment management and acts as fund manager to two regulated OEICs (the IFSL Brooks Macdonald Fund and the SVS Cornelian Investment Funds) providing a range of risk-managed multi-asset funds and a specialised absolute return fund.

The group has twelve offices across the UK and the Channel Islands including London, East Anglia, Hampshire, Leamington Spa, Leeds, Manchester, Taunton, Tunbridge Wells, Wales, Scotland, Jersey, and Guernsey.