MitonOptimal to acquire majority stake in Guernsey-based Argyll Investment Services

MitonOptimal, the specialist global multi asset management company with a presence in Guernsey, South Africa and Singapore, has announced that agreement has been reached to acquire a majority stake in Argyll Investment Services Limited in Guernsey for an undisclosed consideration.

Argyll will be re-named MitonOptimal Portfolio Management (CI) Limited and will take on the branding of the wider MitonOptimal Group.

Argyll was established in 2000 as an independent Discretionary Portfolio Manager. Licensed & regulated by the Guernsey Financial Services Commission, it is responsible for a growing number of investment portfolios across a wide range of mandates and risk profiles. As an owner-managed company, Argyll has established a strong track record around its bespoke investment portfolio management services, Niche Discretionary Fund Management (DFM) service, bespoke pension services and the Fortress Pension Plan.

'Argyll, particularly Clive Standish-White and Shaun McDade, have been known to us for many years and we are delighted that they have agreed to become part of the broader MitonOptimal family. To have such a high calibre group of people based in Guernsey, that are able to help grow the group in the discretionary portfolio management space and assist with creating multi asset performance excellence is opportune. To allow our existing clients and distribution intermediaries to add a discretionary services offering to the list of MitonOptimal services, has many benefits for all,' said Scott Campbell, Managing Director and Chief Investment Officer.

'With a combined US$600m of funds under management and significant depth and experience in the investment management team, the future for investors in the Offshore Guernsey and South African collective investment funds, discretionary portfolios and other institutional mandates is very bright.'

Clive Standish-White and Shaun McDade of Argyll commented:

'We are delighted to be joining forces with a business and individuals we have known for a long time and with whom we share a number of common values, principles, investment philosophy and client service standards. We are also excited about the possibilities and potential offered by our expanded investment capability and geographic footprint.'

With all of its current directors remaining as shareholders and its staff firmly committed to the rebranded business, it is very much business as usual, for Argyll's existing client base.

The deal is subject to final approval by the Guernsey Financial Services Commission.