European Wealth makes double acquisition

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European Wealth has acquired two firms in order to boost its onshore and offshore wealth management services.

The firm has acquired Swiss-based P&C Global Wealth Managers and the associated GTI Fund Investment for a consideration of £2.8m. P&C is focused on international clients and has £92m of discretionary funds under management. Sister company GTI is incorporated in the Cayman Islands and offers a range of funds advised by P&C. As part of the deal, founder Iain Little willl join the board of European Wealth's subsidiary European Investment Management, while co-founder Bruce Albrecht will act as a consultant. Albrecht was a former group CIO at N.M. Rothschild London and CIO Europe for th...

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