Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Oakley Capital acquires BDO Investment Management

Oakley Capital Investments has snapped up BDO Investment Management (BDOIM) for £14 million.

AIM-listed Oakley has acquired an 84.4% stake the firm, which provides investment advice and solutions to corporates and individuals and is responsible for £2 billion in assets and has three divisions; asset management, corporate pensions and benefits, and private clients.

The board believes Oakley's investment will enable BDOIM to build further scale and take advantages of growth opportunities within the financial services market. 

David Pitman, former CEO of Close Wealth Management, will be appointed as CEO of BDOIM.

Peter Dubens, director of Oakley Capital Investments, said, 'We are very pleased to be backing David Pitman and his plans for BDOIM.  

'BDOIM has a solid market position as an independent provider of client-focused advice; with our support and investment, we feel that there is a real opportunity to grow the business by increasing funds under management and adding high quality corporate clients, while at the same time investing in an infrastructure to support further growth and provide a first rate service to BDOIM's clients.'

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 Dispelling the sustainable investing myths

Dispelling the sustainable investing myths

There's a bit of a buzz around sustainable investing at the moment. We speak to three wealth managers to find out what they think.

Play Inside ETFs: positioning for the Fed rate rise

Inside ETFs: positioning for the Fed rate rise

Natalie Fast discusses how investors are using ETFs to position for a rate rise with guests Irene Bauer from Twenty20  Investments and Markit's Simon Colvin.

Play Wealth Manager Retreat: video highlights

Wealth Manager Retreat: video highlights

The UK's leading wealth management talent gathered at our annual event at the Grove celebrate the best in private client portfolio management.

Wealth Manager on Twitter