Marlborough Fund Managers is poised to acquire BNP Paribas' ACD business in the UK in a deal which will substantially enhance its presence in the marketplace.
Investment Week understands the asset manager is set to acquire Investment Fund Services Limited (IFSL) from the French bank imminently. Widely known for its fund range, Marlborough also has an authorised corporate director (ACD) business with hundreds of millions of pounds in assets under management. It currently acts as ACD for a number of funds in the UK, including Slater Investments. However, the purchase of IFSL would significantly expand Marlborough's presence in the market. Currently, Marlborough has £1.6bn in total in assets under management, according to the Investment ...
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