Liontrust has completed its acquisition of the Architas UK Investment Business from French insurance house Axa, to create an enlarged multi-asset boutique.
The deal, announced on 1 July, will see the Liontrust brand assume all the target risk portfolios and risk profiled, income generating, and specialist funds managed by the newly bolstered multi-asset team. John Ions, chief executive of Liontrust, said the deal was an "important strategic acquisition" for the London-based asset manager, which was founded in 1995. The deal was reported to have cost the Strand-based investment house up to £75m. Ions added that the deal, which sees Liontrust take on Architas Multi-Manager and Architas Advisory Services, would help strengthen its reach ...
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