Rathbone Investment Management International has announced that it has acquired the investment management business of AIB Jersey. As part of the acquisition, Alan Martin, who has worked at AIB for 25 years, will be joining Rathbones.
The total assets under management of the 37 discretionary management clients being acquired is £43m. This increases Rathbone Investment Management International’s total number of private clients to almost 800.
Commenting on the acquisition, Jonathan Giles, managing director of Rathbone Investment Management International said:
“We have recently celebrated our first decade in Jersey and this acquisition reinforces our growth ambitions. Our success has been founded on the employment and development of highly skilled investment professionals who share a common-sense approach to portfolio and wealth management and this is reflected in our award-winning investment process and top-quartile performance. The appointment of Alan Martin increases our already significant investment presence on the island and we look forward to working with Alan to continue to grow our business.”