Shelley Wren has resigned as managing director of adviser firm Belgravia Intervest. Having left at t...
Shelley Wren has resigned as managing director of adviser firm Belgravia Intervest. Having left at the end of August, Dubai-based Wren said she did not have any other plans at that stage.
Prior to Belgravia Intervest, Wren was at Paragon Capital Management and PIC in Dubai. She was one of three directors at Belgravia Intervest, the others being Peter Smith, chief executive, and Jose Meleth, chief financial officer.
Belgravia Intervest, which is owned by Nasdaq-listed Tally-Ho Ventures, is also moving its administration from Dubai to Spain, where Smith is based. This has resulted in 10 administration staff in Dubai leaving the adviser firm. It has a presence in Asia, the Middle East and Europe. This includes Kuwait, the UAE, Azerbaijan, Oman, Russia, China and Belgium.
Belgravia Intervest listed on the Nasdaq in June through the holding company Tally-Ho Ventures. At the time, Belgravia Intervest said it had more than $450m in assets under management and 17,000 families as clients.
The firm made a high-profile departure earlier this year from Ofta, the UK-based trade body for offshore financial advisers. In the May issue of International Investment, Smith said that the changed costing structure of Ofta's ombudsman service made it undesirable to remain a member.
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