Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a729224

ARC set to become subsidiary of Caribbean firm in North American push

by James Phillipps on Jan 20, 2014 at 15:25

ARC set to become subsidiary of Caribbean firm in North American push

ARC Group is set to be acquired by an 'affiliate' of the Labatt family, which would see it become a subsidiary of the firm and establish operations in North America and the Caribbean.

Negotiations with the 'affiliate' are at an advanced stage and ARC group managing director Graham Harrison (pictured) said his employees would retain a ‘significant’ shareholding in the firm following any deal.

Arthur Labatt, who co-founded Canadian mutual fund company Trimark, said: ‘I am absolutely delighted to be able to help ARC expand its services into the North American market.

‘Wealthy families on both sides of the Atlantic desperately need the independent advice and practical guidance on their investment affairs that ARC consistently delivers.’

Harrison added: ‘This represents an extremely exciting development for ARC, providing a secure capital base to underpin our ambitious expansion plans without compromising our independence, which we know is essential for our clients.’

ARC, which was founded in 1995, has around 50 staff in Guernsey and Jersey and its private client indices reached their tenth anniversary in December last year.

1 comment so far. Why not have your say?

kWIKSAVE

Jan 21, 2014 at 20:41

Graham ..... John Elder is unemployed at the moment, his subtle skills could be invaluable in the new venture.

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet