Delen Investments completes business negotiations
Delen Investments will be taking a 70 per cent stake in JM Finn & Co.
Business negotiations have resulted in Delen Investments taking a 70 per cent share in JM Finn & Co.
The latter is a prominent London based wealth manager and the agreement will be finished in the third-quarter of 2011, provided it gets the regulatory approval.
Negotiation skill may have played a part in sealing the deal.
Luc Bertrand, chief executive officer of Ackermans & van Haaren - which owns Delen Investments - said the move is designed to give the firm a presence in other European markets.
"We have concluded that the UK onshore wealth management market is particularly attractive due to the established equity culture and the increasing penetration of discretionary management," he added.
Chief executive officer of Delen Investments - a company that has been in operation since 1936 - Jacques Delen added that JM Finn & Co share their philosophy when it comes to business.
He stated he is looking forward to seeing the new partnership in action.
Posted by David Gleck