European Wealth has completed a £7.1 million reverse acquisition of EW Group which will transform European Wealth into a publicly quoted company, European Wealth Management Group.
EWMG currently holds assets under management of £710 million and hopes the listing will generate further acquisitions and growth opportunities.
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John Morton, executive chairman of EWMG, said: "This is an important moment in European Wealth’s development. Not only will it allow us to continue growing the range of services we deliver to our clients – it will allows us to pursue those opportunities that continue to flow from RDR as well as those now being generated as a result of the Chancellor’s recently proposed changes to the pension industry."
