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.
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData