Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Brooks Macdonald Group plc    BRK   GB00B067N833

BROOKS MACDONALD GROUP PLC

(BRK)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Brooks Macdonald : maintains growth trajectory with...

12/01/2020 | 02:03am EST
Home/News/Brooks Macdonald maintains growth trajectory with acquisition of Lloyds Bank International's Channel Islands wealth management and funds business
Brooks Macdonald maintains growth trajectory with acquisition of Lloyds Bank International's Channel Islands wealth management and funds business
01 December 2020

Brooks Macdonald International, the Channel Islands-based subsidiary of the Brooks Macdonald Group, has completed its acquisition of the wealth management and funds business of Lloyds Bank International Limited.

Having announced the intended acquisition in June this year, the transaction has now received all regulatory approvals, in what has been a year of reinvigoration and growth across Brooks Macdonald's business in Jersey and Guernsey.

In particular, the acquisition will result in a significant increase in Brooks Macdonald's Funds Under Management (FUM) in the Channel Islands by over 50%, whilst also adding a high quality discretionary client base and a multi-asset and fixed income fund range to the firm's offering, as well as enhanced intermediary distribution capabilities.

A number of new roles have been created through the acquisition, with the firm recently relocating to larger premises in St Helier to accommodate the larger team and in anticipation of future growth.

Andrew Shepherd, CEO of International, said:

'The completion of this acquisition marks a significant milestone in the evolution of Brooks Macdonald International. As well as creating an enhanced proposition for clients, advisers and trustees, it also reflects our wider growth ambitions in the Channel Islands. Despite a challenging global environment, this year we have remained focused on reinvigorating the business, including launching a new Responsible Investing Service for international clients, strengthening our team, and moving to larger premises in Jersey. Our international clients and intermediaries will also undoubtedly benefit from Brooks Macdonald's recently announced partnership with SS&C Technologies to deliver best-in-class intermediary experience and client service.'

Commenting on the successful integration of the new business, Andrew added:

'I am pleased that we have built such a strong relationship with the Lloyds Bank International management team throughout this process which has not only resulted in the smooth onboarding of discretionary clients and the successful transition of Lloyds Investment Fund Managers, but will also result in further opportunities to co-operate on a reciprocal basis in the future.'

In its most recent quarterly update, Brooks Macdonald International, announced growth in its Funds Under Management (FUM) by 3.9% to stand at in excess of £1.6 billion for the period ending 30 September 2020.

// Read full details of the announcement

// Read more about our International business

// Read about our International investment management services.

Enquiries

Crystal PR
Adam Riddell
adam@crystalpr.co.uk
+44 1534 639505


Notes to editors

Brooks Macdonald Group plc, through its various subsidiaries, provides leading investment management services in the UK and internationally. The Group, which was founded in 1991 and began trading on AIM in 2005, had Discretionary Funds under Management of £13.7 billion as at 30 September 2020.

Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions, charities and trusts. The Group also provides financial planning as well as offshore investment management and acts as fund manager to two regulated OEICs (the IFSL Brooks Macdonald Fund and the SVS Cornelian Investment Funds) providing a range of risk-managed multi-asset funds and a specialised absolute return fund.

The Group has twelve offices across the UK and the Channel Islands including London, East Anglia, Hampshire, Leamington Spa, Leeds, Manchester, Taunton, Tunbridge Wells, Scotland, Wales, Jersey and Guernsey.

Disclaimer

Brooks Macdonald Group plc published this content on 01 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2020 07:02:08 UTC


© Publicnow 2020
All news about BROOKS MACDONALD GROUP PLC
01/07BROOKS MACDONALD : announces removal of VAT from its MPS...
PU
2020WALL STREET STOCK EXCHANGE : U.S. Stocks Rise to Records on Stimulus Bets
DJ
2020WALL STREET STOCK EXCHANGE : U.S. Stocks Open Higher on Stimulus Bets
DJ
2020U.S. Stock Futures Rise on Stimulus Bets
DJ
2020Stock Futures Rise on Stimulus Bets
DJ
2020Brooks Macdonald Buys Lloyds Bank's Wealth Management, Funds Business in Chan..
MT
2020BROOKS MACDONALD : maintains growth trajectory with...
PU
2020LONDON STOCK EXCHANGE : FTSE 100 posts third consecutive week of gains on vaccin..
RE
2020FTSE 100 posts third consecutive week of gains on vaccine hopes, Brexit optim..
RE
2020BROOKS MACDONALD : announces strategic partnership with SS&C
PU
More news
Financials
Sales 2021 120 M 164 M 164 M
Net income 2021 19,4 M 26,5 M 26,5 M
Net Debt 2021 - - -
P/E ratio 2021 14,8x
Yield 2021 3,20%
Capitalization 292 M 399 M 399 M
Capi. / Sales 2021 2,44x
Capi. / Sales 2022 2,22x
Nbr of Employees 465
Free-Float 83,0%
Chart BROOKS MACDONALD GROUP PLC
Duration : Period :
Brooks Macdonald Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BROOKS MACDONALD GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 2 237,60 GBX
Last Close Price 1 867,50 GBX
Spread / Highest target 39,2%
Spread / Average Target 19,8%
Spread / Lowest Target 1,74%
EPS Revisions
Managers and Directors
NameTitle
Caroline Mary Connellan Chief Executive Officer & Executive Director
Alan Thomas Carruthers Chairman
Lynsey Jane Cross Chief Operating Officer
Ben L. Thorpe Group Finance Director & Executive Director
Richard Stanley Price Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BROOKS MACDONALD GROUP PLC13.70%399
ST. JAMES'S PLACE PLC4.81%8 668
SEI INVESTMENTS COMPANY3.36%8 587
AMP LIMITED-0.32%4 121
IOOF HOLDINGS LTD6.25%1 872
PLATINUM INVESTMENT MANAGEMENT LIMITED0.98%1 844