EQ Investors (EQI) has appointed a corporate financial adviser to explore sale options for the charity-controlled foundation, with “several promising possibilities” currently being considered according to chair John Spiers.
The B Corp financial advice and investment management business is "a successful and profitable business, so we are under no pressure to conclude a transaction," Spiers said in a statement shared with PA. "Ultimately, any decision to partner with a larger organisation will only be made if it benefits our staff and clients," Spiers added. In the statement, Spiers pointed to long-term growth limitations that being charity-owned can pose, as well as the potential impact of artificial intelligence (AI) as deal drivers. Spiers said: "When I acquired EQI in 2014, my firm intention was to ...
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