Friday 27 May 2022
Select a region
Business

Brooks Macdonald International's funds under management top £2.5bn

Brooks Macdonald International's funds under management top £2.5bn

Thursday 20 January 2022

Brooks Macdonald International's funds under management top £2.5bn

Thursday 20 January 2022


Brooks Macdonald's International business saw its funds under management increase by 2.8% over the last six months, reaching £2.58bn.

The wing of the business has offices in Jersey, Guernsey and the Isle of Man.

Organic net new business was also up 0.5% in the latest quarter, accompanied by a strong investment performance, the firm said.

Meanwhile, group net flows were up 55% compared to the prior quarter.

“This has been a strong half year for Brooks Macdonald International, reflective of the momentum we see across the Group," CEO Richard Hughes commented.

"It is pleasing to see a return to positive net flows for us as well as a rise in our [funds under management] to reach a new record level, in a period which was made particularly significant by the launch of our new Isle of Man office as part of our future growth strategy."  

Sign up to newsletter

 

Comments

Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.

Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.

There are no comments for this article.

To place a comment please login

You have landed on the Bailiwick Express website, however it appears you are based in . Would you like to stay on the site, or visit the site?