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European Wealth Group acquires P&C Global Wealth Managers SA and GTI Fund Investment Ltd

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European Wealth has made two acquisitions to support the expansion of the Company’s European operations and expand its client offerings through complementary onshore and offshore wealth management services.

The businesses European Wealth is acquiring are Swiss based P&C Global Wealth Managers SA (P&C) and the associated GTI Fund Investment Ltd (GTI). The aggregate maximum consideration for the acquisitions is approximately GBP2,760,000, of which approximately GBP13,807 is payable in cash and the remainder through the issue of up to 2,619,240 new ordinary shares in Europrean Wealth.  

John Morton, Executive Chairman of European Wealth, says: ”This is an important step forward in European Wealth’s evolution. We are delighted by the cultural fit between European Wealth and P&C’s business, which is based on the fundamental belief of delivering personal service to clients, irrespective of their portfolio size. We are therefore delighted to welcome Bruce and Iain into the European Wealth team. In addition to the benefits the acquisitions bring to our existing clients, the Board also recognises the opportunities the acquisitions allow for expanding the Group’s international presence and servicing funds from established wealth management  centres both in Europe and the Middle East".

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