The acquisition is subject to regulatory consent in Jersey.

“We are thrilled to welcome Martello into the Capital International Group family,” said Head of Investment Management, Antony Kelsey.

"Martello has built a strong reputation for delivering exceptional investment management services and maintaining robust, good quality client relationships. The performance track record of the Martello Global Equity Fund speaks for itself and we are looking forward to working with the Martello team to distribute it more widely through the Capital International Group."

Pictured: Anthony Kelsey, Head of Investment Management at Capital International Group

He continued: "By combining our respective service offerings, we are well-positioned to expand the distribution of the Martello Global Equity Fund, and the wider Martello proposition into Capital International Group’s extensive relationships with intermediaries and advisers.

"The seamless integration of both companies will ensure continuity of service and a smooth transition for all clients and employees.”

Pictured: Gary Hill, Director of Martello, said he was "excited" about the acquisition.

Director of Martello, Gary Hill said: “We are excited about the opportunities this acquisition brings."

"Joining forces with the Capital International Group will enable us to leverage their extensive resources and expertise, ultimately benefiting our clients with enhanced investment options and services. We have been impressed with the Capital International team throughout our negotiations and we are confident that our team of professional employees and our clients will be well looked after in the future," he added added.

Anthony Long, Capital International Group’s Chair, said: “We have been keen to establish a strategic link with Jersey because of the strong investment management industry and community and so we are delighted that we have found Martello to help make a presence in Jersey a reality."