Principal creates discretionary business with Border

With a combined £1.5 billion in assets under management, the firms will have 130 staff and will operate from Principal's offices in London, Sevenoaks and Bath, and from Border's offices in Kirkby Lonsdale and Harrogate. Peter Lever, chief executive of Border, says: "Border's continued growth and desire to expand its services have demanded ever increasing levels of investment in people and systems. "The size of our business now means that such investment can most sensibly be achieved by merging with a well resourced firm sharing our own philosophy and approach." Lukas van der Walt, ...