Stenham Wealth Management (SWM) and ED Group Holding Limited have teamed up to create a privately-owned wealth management and investment advisory business in Jersey.
The partnership will see ED Group acquire a majority shareholding in SWM from departing shareholder Stenham Asset Management Holding Limited.
David Baker, Managing Director of SWM, commented: “This transaction will enable us to accelerate our ambitious growth plans to build a leading independent investment business in Jersey. We believe significant benefits and enhanced opportunities for our clients will be realised as a result of the new partnership.”
Jamie Crawford, Director of ED Group, commented: “We have known David, Allan and the team for several years and are excited to work with them in the next phase of their growth. We share similar values and cultures, with a strong emphasis on client service. Their business complements our existing investment activities and adds an important dimension to our financial services offering in Jersey alongside ED Capital.”
There will be no change to the existing team at SWM, which consists of David Baker, Allan Stewart and Tracey Walker as Directors, Gill Thompson-Daly, Compliance Officer and Sarah Lonergan, Executive Assistant.
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