Brooks Macdonald has been awarded a $40m mandate by South African firm Personal Trust International (PTI) following approval to offer its services in the region.
In a stock exchange announcement the group said its Brooks Macdonald International (BMI) division would be managing half of PTI's $80m offshore portfolios, registered in Guernsey, after obtaining a South African licence earlier this year. Brooks Macdonald reports 13% FUM growth despite 'unhelpful Q4' The funds are multi-asset portfolios, using a range of active and passive investments. Chris Macdonald (pictured), chief executive of Brooks Macdonald Group said: "This is an important step for BMI following the granting of our license to operate in South Africa and the creation of our ...
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