ZURICH and Aegon have become minority shareholders in Seven Investment Management (7IM) as it becomes the first platform provider to join the London Stock Exchange (LSE).
7IM Limited is now a separate corporate entity with its own FSA licence. The two investors have acquired their stakes though the purchase of the holding from its original parent Killik & Co. The size of the purchases has not been disclosed. Formed in 2002, 7IM provides facilities for wealth managers and intermediaries, and currently manages and administers £2bn of assets. Tom Sheridan, chief executive of 7IM, said: "We are delighted to have reached this milestone and are extremely grateful to all those who have helped us build 7IM into the success it has reached to date. We have had the...
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