MitonOptimal International, the Guernsey-based fund management company, has merged with Isle of Man-headquartered investment advisory firm Blythe Financial Limited.
Blythe Financial was founded in 2002 and has obtained a discretionary fund management (DFM) licence in the Isle of Man as it comes under the MitonOptimal banner.
This follows the acquisition of Coram Asset Management by MitonOptimal back in June. The deal was for an undisclosed sum.
MitonOptimal provides DFM, bespoke portfolio management, advisory services and multi-asset funds. Set up in 2002, it has a presence in South Africa, the UK, Isle of Man and Singapore.
Following the deal, Blythe Financial will be rebranded as MitonOptimal and will retain all its management and staff. Alan Blythe, managing director of the company will be joining the board of directors of the combined entity.
He said: 'When we first thought about partnering with another business, it was important to us that both the ethos and investment philosophy of that partner were aligned with our own.
'MitonOptimal is the perfect fit for the succession of our business to the next level and will further enhance the sophistication of our investment proposition.'
Scott Campbell, group managing director and CIO at MitonOptimal, added: 'We are very excited that Alan and Sue Blythe, plus their great team of people, will be joining the MitonOptimal group of companies, as we share the same investment philosophy and business culture.'