Boutique wealth manager GWM Investment Management has acquired a stake in Optimus Capital.
Optimus, a discretionary investment manager, led by the former head of European equities of Credit Suisse Martin Newson, will add a bespoke portfolio service to GWM Investment Management’s offering.
GWM declined to reveal how much of an interest it has taken in Optimus or the amount it paid for the stake.
Chris Payne (pictured left), managing director at GWM Investment Management and a former Wealth Manager cover star, said: ‘We are delighted to announce our partnership with Optimus Capital, in what represents another exciting chapter in GWM’s growth plan.
‘The partnership with Optimus Capital perfectly complements our existing proposition, bringing an institutional style, private equity deal capabilities for clients, and a range of diversified portfolios to our current offering. We would like to extend a warm welcome to Martin and his team.’
Martin Newson, chief executive officer officer at Optimus Capital, said: ‘This partnership is a reflection of how far Optimus has come in the last few years. We look forward to developing the business and continuing to provide our clients with high quality dedicated wealth and investment management services.’