Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

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

1 Comment
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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: How Arbuthnot Latham is future-proofing private banking

Profile: How Arbuthnot Latham is future-proofing private banking

Traditional does not have to mean sleepy and Arbuthnot Latham head of private banking Liz Bottomley has been quietly overseeing a restructure designed to ‘future-proof’ the business

Wealth Manager on Twitter