Tilney acquires £162m book of business from Midas

Two senior staff to transfer over

Tilney has acquired £162m in assets from investment management and advisory firm Midas Investment Management.

Midas was establised in 2001 and runs discretionary, advisory and execution-only accounts. The deal will see the assets and clients transfer to Tilney while director of private client investment management Simon Reeks and senior settlements executive Michael Waddington will also transfer across to Tilney's Manchester office.  Tilney continues hiring spree with Nottingham appointment Mark Sheppard, founder and owner of Midas, said Tilney was chosen as it had a similar ethos to Midas and offered a professional range of services. The Tilney group now looks after more than £22bn in as...