Embark Group: 'Zurich purchase was opportunistic - we have no plans to acquire anything else'

Following Zurich acquisition

Sophie King
clock
"This [acquisition] was a very opportunistic thing" - Embark Group's Phil Smith
Image:

"This [acquisition] was a very opportunistic thing" - Embark Group's Phil Smith

Embark Group has claimed it has no plans to acquire more books of business or firms following its latest acquisition deal with Zurich, chief executive Phil Smith told Professional Adviser.

On Wednesday morning (20 November), Embark Group revealed it was set to acquire Zurich's Retail Investment Platform and Investment Management business, subject to regulatory approval, for an undisc...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Companies

A CII spokesperson said: "We are aware of an IT issue, which resulted in a couple of candidates being unable to access their CF6 Mortgage Advice exam for 15 minutes this morning."

Advisers face renewed CII exam tech issues

'Kicked out of the system'

clock 26 July 2022 • 2 min read
Anthony Carty, group financial planning director at Clifton Asset Management

Clifton AM acquires Aberdeen adviser firm

£860m AUM

clock 18 July 2022 • 2 min read
Sanlam Wealth to rebrand as atomos

Sanlam Wealth to rebrand as atomos

‘Indivisible’ in ancient Greek

clock 15 July 2022 • 1 min read