Merchant Wealth (6744X)
17 Febrero 2012 - 10:40AM
UK Regulatory
TIDMMHG
RNS Number : 6744X
Merchant House Group PLC
17 February 2012
17 February 2012
Merchant House Group plc
("MHG" or the "Group")
Merchant Wealth
Further to the business review and trading update announcement
made on 13 February 2012, MHG is pleased to announce that Merchant
Capital Limited ("MCL"), a wholly owned subsidiary of MHG, has
today launched Merchant Wealth and appointed Tom Evans as its
managing director. Merchant Wealth will include the existing
stockbroking and corporate broking services of the Group and will
be a further distribution channel to raise capital for MCL's
structured products and funds.
The launch of Merchant Wealth is in line with the Group strategy
to drive organic growth during 2012 and in doing so will create a
private client wealth management service to support the Investment
Products division.
Tom Evans, managing director of Merchant Wealth commented:
"I am delighted to be joining a growing and innovative business
and leading a team that I have put together in the last couple of
months. Merchant Wealth will seek to expand the team going forward
and intends to announce its strategic partners in the near
future."
Christopher Day, CEO of Merchant House Group plc, added;
"Merchant Wealth will be complementary to Merchant House
Financial Services Limited ("MHFS"). The two businesses form the
Distribution division of the Group. In addition to generic growth
of the individual businesses, the division is a channel for the
distribution of the Group's Investment Products division."
For further information:
Merchant House Group plc +44 (0) 20 7332 2200
James Holmes, Chairman
Christopher Day, CEO
Merchant Wealth +44 (0) 20 7332 2217
Tom Evans
Cairn Financial Advisers LLP +44 (0) 20 7148 7900
Liam Murray / Avi Robinson
Symvan Securities +44 (0) 20 7464 4260
Kealan Doyle / Nicholas Nicolaides
CityRoad Communications +44 (0) 207 248 8010
Paul Quade
This information is provided by RNS
The company news service from the London Stock Exchange
END
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