Iimia Miton Optimal will unveil its revamped branding on 14 November and has revealed its plans for ...
Iimia Miton Optimal will unveil its revamped branding on 14 November and has revealed its plans for international expansion.
Miton's Tom McGrath said the asset management arm will operate as a standalone business and will be branded separately from wealth management and Intelli corporate finance divisions.
He added iimia is known for its bottom-up stockpicking capabilities, while Miton takes a top-down, asset allocation approach, focusing on absolute returns.
He said: "Our plan of action is to establish the brand and educate the marketplace about what we are offering. The industry is expecting us to announce fund mergers and redundancies, but we plan to expand and we want to dominate the retail market. This is a merger to build the firm."
The group is also interviewing for a sales director. This will take the sales team to eight, the biggest for a UK multi-manager group.
It also plans to recruit an international sales director, with responsibility for the developing distribution partnerships through the existing Asia office and the planned Middle East office.