Ingenious Asset Management has agreed to merge with Thurleigh Investment Managers, following the receipt of regulatory approval from FCA.
The merger is expected to be completed on 30 April 2014.
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As part of the deal, IAM and Thurleigh will merge their investment teams to create a specialist investment management firm.
The newly merged business will manage £1.8 billion in discretionary private client assets and platform based model portfolios.
David Rosier, co-founder and chairman of Thurleigh Investment Managers, said: "We are delighted to be joining forces with Ingenious Asset Management, which offers a strong cultural fit for our clients together with a stimulating working environment for our team. Most importantly, from our clients’ perspective this move offers continuity and the advantages of a deeper pool of investment expertise."
Following the merger, Charles MacKinnon, co-founder and CIO of Thurleigh, will become part of the merged firm’s Portfolio Steering Group.
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By GlobalDataIn addition, Guy Bowles will continue in this role as founder and CEO of IAM and David Rosier will also continue in his role as chairman of Thurleigh.
