Wednesday 13 November 2024
Select a region
Business

Capital International acquires Martello Asset Management

Capital International acquires Martello Asset Management

Friday 26 July 2024

Capital International acquires Martello Asset Management

Friday 26 July 2024


Capital International Group Limited has announced its acquisition of Jersey investment firm Martello Asset Management.

Capital International says it is aiming to broaden its jurisdictional footprint beyond their current locations in the Isle of Man and South Africa and develop their portfolio of services in Jersey.

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."

Antony_Kelsey_copy.jpg

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.”

Gary_Hill_copy.jpg

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."

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.

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?