Ashcourt Rowan will consider ‘gap fill' acquisitions of small fund businesses as it targets a new phase of growth, according to CEO Jonathan Polin.
The wealth manager reported full-year results for 2012 yesterday, revealing an expected decline in revenue as a result of its restructuring programme. However, underlying earnings rose ahead of market estimates to £2.8m. Speaking to Investment Week, Polin said the company had seen a "huge" overhaul since his arrival in 2011, and can now focus in earnest on boosting growth. That could involve acquisitions, he suggested, should relevant opportunities appear. "We very much want to be seen as a player in the consolidation market. I do not think this is a game where all you do is look t...
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