Premier Asset Management is now majority-owned by Elcot Capital Management after the company increased its stake to more than half of the business.
Earlier this year, privately-owned investment management firm Elcot took a 25.1% stake in Premier and has increased that this week by a further 25.1%. Elcot now owns 50.2% of the investment firm, while Premier's senior management and fund management team owns 25%. A further 24.8% is held by Electra Private Equity. Mike O'Shea (pictured), chief executive of Premier, said the firm could see new opportunities arising from pension legislation which is due to be implemented next year. He said: "Our new shareholder base further underscores and protects our independence as we seek to acce...
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