European Wealth acquires Xcap Nominees
AIM-listed wealth management group, European Wealth Group Limited, has acquired Xcap Nominees, bringing GBP30 million of assets to European Wealth’s Manchester office.
European Wealth’s Manchester office opened in late 2014 and has a team of six investment managers, servicing clients both within the local area and throughout the UK. The office also has an increasing international focus, providing a range of sophisticated investment services to professional intermediaries across the Far East.
European Wealth has also been appointed as the preferred discretionary investment manager to the Montpelier Group of businesses based in Malaysia and Thailand, with combined assets under management of over GBP100 million.
John Morton, the Executive Chairmen of European Wealth, says: “Manchester is a key regional centre for our business. This deal further strengthens the asset base of the business and emphasises our commitment to building our presence here.”