The Channel Islands subsidiary of independent investment manager Brooks Macdonald saw the value of funds it manages grow by nine per cent over the second half of 2017, according to the firm's recently published half-year trading update.
The figures, announced as part of the group's interim report for the six months ending 31 December 2017, show that Brooks Macdonald's international division – which includes its Guernsey and Jersey offices – saw its discretionary funds under management (FUM) business grow by 9.1 per cent from £1.53bn to £1.67bn over the period.
The results also show that the Brooks Macdonald Group as a whole added more than £1.2bn in discretionary FUM during the half year to end the period at £11.7bn, an increase of 12.3 per cent.
Commenting on the results, Darren Zaman, CEO, International, Brooks Macdonald, commented: "The focus we're putting on client and adviser relationships in key overseas markets, including the Middle East and Africa, is paying dividends as our Guernsey and Jersey offices continue to play a key role in driving forward Brooks Macdonald's international strategy."