David Esfandi, CEO of CGWM UK said: Entering the Scottish market represents a very important milestone in our long-term growth strategy and we are pleased to be doing so with Adam & Company s investment management business, a leading regional franchise with a strong cultural fit and a similar client base to our own. We are delighted to welcome this team of deeply established investment professionals, and we look forward to supporting their continued growth and commitment to providing the best possible outcomes for their clients.
Graham Storrie, Adam & Company s managing director, will continue with the business in a leadership role. He said: To build on the success of Adam & Company s investment management business it was essential to find a buyer who shared our investment philosophy and strategic ambitions for the future.