Swiss wealth management firm Helvetia Wealth has purchased Irish financial consultants Mercury Wealth Management.
The deal strengthens Helvetia Wealth’s European market share as a provider of wealth management services.
It is the latest in a series of investments and acquisitions in Ireland, UK and Germany by the Swiss company.
"We are continuing our strategy of growth and expansion and we believe that the relationship with Mercury Wealth Management will further enrich our unique range of investment options," says Kamil Stender (pictured), chief executive of Helvetia Wealth.
Mercury Wealth Management, founded in 2003, is a designer of capital secure investments with almost 2,000 clients in Ireland, including private individuals, pension funds, credit unions, charities and companies.
"Helvetia Wealth’s investment in Mercury Wealth means the future is very exciting for us and our customers who will benefit from new investment options and our enhanced strength and expertise in capital secure product development," says Gareth Fahey, founder and managing director of Mercury Wealth Management.
Fahey will continue in the role of managing director and key senior appointments to Mercury Wealth Management’s life and pensions division will be announced in the coming weeks.
Helvetia Wealth entered the Irish market three years ago to provide asset management services to private and institutional clients.