7IM to buy Edinburgh-based TCAM

Subject to regulatory approval

Mike Sheen
clock • 2 min read

Seven Investment Management (7IM) has agreed to buy Tcam Asset Management (TCAM), subject to regulatory approval, to create a firm with £13.6bn AUM.

The 100% share buy-out will see 7IM leverage TCAM's active management strength, alongside its own specialties in risk management, research and platform capabilities, the groups said. 7IM's Urquhart Stewart: If executed properly, regulation could be the best advert the asset management industry has ever had Commenting on the purchase, CEO of 7IM Tom Sheridan said the deal is a "great fit, both commercially and culturally", with the two businesses offering "complementary strengths which will produce an improved investment service for our customers". The TCAM brand will continue in th...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth Management

Trustpilot