Arch drives Eastern growth with 48% stake in FP Group

Arch Financial Products has taken a 48% stake in Financial Partners Group (FP Group), one of the largest offshore IFA groups. The move is designed to drive Arch's expansion in the Middle East and Far East, where FP Group offers investment, wealth management and advisory services for private clients, corporates and expatriates. The new shareholding structure and investment gives FP Group a strong capital base with which to grow, said Arch. The group's strategy involves franchising as well as mergers and acquisition of IFA firms in Australia, Hong Kong, India, Indonesia, Japan, Malaysia...