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.
Citywire TV
Play Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the man building Towry into an £11bn giant

Profile: meet the man building Towry into an £11bn giant

As a former engineer who worked on Hong Kong International Airport, Rob Devey is not afraid of taking on major projects

Wealth Manager on Twitter