St James Place (SJP), a UK-based investment manager, is looking to expand into the Asian market this year with an acquisition of Henley Group.
Henley Group is an advisory business with approximately £400 million in assets under management (AuM) with 4000 clients in Singapore, Shanghai and Hong Kong.
Go deeper with GlobalData
David Bellamy, chief executive, said: "This is an exciting development for us that we believe sits perfectly with our comprehensive investment approach and, subject to regulatory approval, the acquisition should be finalised in the first few months of 2014."
The deal comes after Lloyds Banking Group sold their final 21% stake in SJP in December of last year.
