ARC Group to expand in the Caribbean and North America
Asset Risk Consultants (ARC) is in advanced negotiations with an affiliate of the Labatt family on a corporate transaction that will enable ARC to expand its activities in Europe and establish operations in the Caribbean and North America.
Subject to regulatory and other approvals, ARC Group will become a subsidiary of the purchaser, with senior ARC employees retaining a significant equity interest.
ARC was founded in 1995 and currently employs around 50 staff across Guernsey and Jersey in investment research and investment consulting activities.
Graham Harrison (pictured), co-founder and group managing director of ARC, says: “This represents an extremely exciting development for ARC, providing a secure capital base to underpin our ambitious expansion plans without compromising our independence, which we know is essential for our clients.”
Arthur Labatt, who co-founded Trimark, the Canadian mutual fund company, says: “Having personally witnessed the quality of the ARC investment consulting offering over the last ten years, I am absolutely delighted to be able to help ARC expand its services into the North American market. Wealthy families on both sides of the Atlantic desperately need the independent advice and practical guidance on their investment affairs that ARC consistently delivers.”
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