7IM sees AUM jump 9% in 2019 as profits and revenues rise

Refreshed strategy and senior hires

David Brenchley
clock • 1 min read

7IM Group saw its assets under management (AUM) climb 9.2% to £14.6bn in its full year to 31 December 2019, with increases in revenue and profits.

In an update on Tuesday (25 August), the firm said it had been buoyed by "the development and implementation of a refreshed company strategy and culture, as well as several senior appointments". Its AUM rose to close in on the £15bn mark, up from £13.3bn at the 2018 year-end, while group profits before tax soared 15% to £9.3m on group revenue of £70.9m, up 5.2%. 7IM CEO Proctor: Why we will come out of this pandemic stronger than we were before The results account for the period before Covid-19 hit, with no update on the current year's trading. CEO Dean Proctor said 2019 was "a ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot