The company’s latest set of interim results also show that underlying profit was up 22.6% to £21.9m year-on-year, whilst annualised new business wins totalled a record £10.3m, representing an increase of 19.8% compared to the first half of 2020.
The company also revealed that it won its largest ever mandate during the period, an engagement worth around £2.5m per year to provide services to a major global financial institution.
Other strategic highlights noted in the results include an improvement in profitability of the Institutional Client Services (ICS) division, alongside good growth in revenue and business wins and continued strong performance in the Private Client Services (PCS) division.
“We are very pleased with progress made in the period, which is the first six months of our new Galaxy Era business plan,” CEO Nigel Le Quesne commented.
“The core business performed strongly despite the ongoing market challenges and it was particularly pleasing to see margin improvement in the ICS Division, continued strong performance from the PCS Division and a strong flow of new business wins, including our largest ever single mandate.”