Investment consultancy ARC, which operates from London, the Channel Islands and Toronto, has completed a restructuring plan that results in parent company ARC Group being majority owned by employees, with the largest ordinary shareholder being an employee benefit trust.
Arthur Labatt, the Canadian businessman who invested in ARC in 2014, remains a minority ordinary shareholder.
He commented: “With a solid financial base and sustainable revenue growth across multiple jurisdictions, the time is right for the broad enfranchisement of senior management to provide stability and security for both ARC employees and ARC clients."