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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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