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 undisclosed fee. However, speaking to Professional Adviser, Smith (pictured) said the firm had absolutely "no plans to acquire anything else". "We are in organic mode," he explained. "This [acquisition] was a very opportunistic thing." Is Embark out for platform world domination? It's The Pro Adviser Podcast The chief executive said in order to be able to reinvest into technology to properl...
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