Merchant Capital launches in-house wealth manager

Merchant Capital has launched Merchant Wealth, a private client wealth management service.

The new distribution channel will raise capital for Merchant Capital's structured products and funds and will be run in-house by Tom Evans. Evans previously acted as consultant to a number of wealth management businesses after selling his own company, Bishopsgate, in 1999. The creation of Merchant Wealth follows a similar launch by parent company Merchant House Group in January 2009. That subsidiary, Merchant Wealth Management, was dissolved in the summer of 2009. A spokesperson for Merchant Capital said the most recent iteration of the division will be more likely to succeed as it...