View the article online at http://citywire.co.uk/wealth-manager/article/a750277
South African giant snaps up online UK wealth platform
by Elsa Buchanan on May 09, 2014 at 07:59
While the acquisition could well mean increasing competition for the low-cost online discretionary manager Nutmeg, for Momentum - the UK subsidiary of financial services group MMI Holdings- this also means a growing presence in the UK.
Globally, MMI Holdings manages client and shareholder assets of circa £34 billion.
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