Tilney Bestinvest to acquire Ingenious AM
Tilney Bestinvest has announced it intends to acquire Ingenious Asset Management in a deal due to complete in April.
The move, which will add £1.8bn ($2.6bn) in assets to Tilney, will result in a combined business with over 500 staff, 15 offices, and £11.2bn ($16.2bn) in assets across the group.
Ingenious’s staff will be integrated into Tilney’s existing structure, with chief executive Guy Bowles becoming the head of investment management for the enlarged company.
David Rosier, the chairman of Thurleigh Investment Managers, which was acquired by Ingenious in April 2014, will assume the role of senior advisor within Tilney.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you
