Dion Global Solutions has acquired the entire issued share capital of Investmaster Group Limited, the UK based specialist provider of wealth management and stockbroking software.
Investmaster has been a specialist provider of wealth management and stockbroking software to the UK private client market for over 25 years. Their client base has combined assets under management exceeding £28 billion (approximately $43.3 billion) and over 800 users across the UK and Ireland.
This transaction gives Dion a significantly increased presence in the UK and an established base upon which further expansion can be built. Investmaster's private client product suite complements Dion's existing range of products, which cover portfolio management, trading, settlement, risk management, analytics, treasury and research services.
Material changes in the day-to-day running of the business are not expected, Peter Little will continue as CEO and the Investmaster management team and staff will continue unchanged. It is anticipated that the Investmaster business will be rebranded as Dion Global Solutions.
Ralph Horne, global CEO & managing director, Dion, says Investmaster is a highly strategic acquisition for the firm. Their reputation in the market, their client base and their technology offer us a strong presence in the UK.Combined with the added products, investment and market expertise that Dion can offer, Investmaster is a key element in the wider Dion brand.
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails