Scottish Equitable International is to open a new operation in Dublin in addition to its existing of...
Scottish Equitable International is to open a new operation in Dublin in addition to its existing office in Luxembourg in a bid to maximise the potential offshore investment market.
Managing director David Healy said: "Scottish Equitable International has achieved tremendous success in the six years since its launch.
"Luxembourg has provided an ideal base for us to establish the company and develop a comprehensive single-premium product range, and has paved the way for growth in the UK and other European markets.
"Luxembourg's reputation for investor security and client confidentiality is unparalleled. However, we are keen to maximise our market share in the UK. We believe that a base in Dublin will enable us to develop products to complement our existing range and provide a springboard for future growth."
The international division's products are aimed at the 'mass affluent' - those with £50,000 or more to invest, and the growing 'high net worth investor' market. Products include the investment bond (minimum investment £15,000) offers investors access to Scottish Equitable's internal fund range as well as five external fund links.
200,000 LISAs opened so far
From June 2019
11 years since launch of three Chartered titles
Hired 200 extra operational staff
Slow progress in improving diversity