Marlborough to merge fund and investment management arms
While it looks to hire 20 people to drive growth plans
Marlborough Group will merge Marlborough Fund Managers and Marlborough Investment Management to create a single business.
It will be called Marlborough and will have around £6bn of assets under management.
All fund governance, risk and operations capabilities will be brought together under authorised corporate director business, IFSL.
This means that the business will become ACD for the 18 funds in the range from Marlborough Fund Managers, with the newly merged Marlborough acting as investment adviser.
Following the reorganisation, IFSL will be responsible for approximately £11bn of Marlborough Group and external fund assets.
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