Affinity Private Wealth has sold its investment business, APW Investors, to Capital International Group.
Affinity Private Wealth will focus solely on delivering bespoke private client, trust and fiduciary services.
David Stearn, Chief Executive Officer of Affinity Private Wealth commented: “Parting with our Investment team is emotional for us, when we formed Affinity in 2011 we did so as two businesses with one common aim and focus. This is however an incredibly exciting opportunity for the investment team to continue to build and enhance their existing offering with scale.
“We are delighted to see the investment business pass to great new owners who have a very similar culture and value set, and we have no doubt the team will flourish at Capital. As for Affinity, we will continue to focus on growing and expanding our private client structuring services and look forward to the journey ahead.”
Ben Stott, Managing Director of APW Investors Limited (APWIL) added: “I am extremely proud to lead our team of talented and dedicated professionals into its new home with Capital International. From our initial interactions with their leadership team, it was obvious that we share a belief in exceptional client delivery, alongside innovative investment solutions. It is exciting to expand our offering for our existing and future clients, who will also benefit from access to Capital’s market leading technology.”
Anthony Long, Chairman of Capital International Group said: “We’ve admired APW Investors for some time, not only for their investment expertise, but also for their leadership in sustainability and commitment to the community. This acquisition is a natural fit with our long-term strategy and values.”
“We are thrilled to welcome APWIL into the Capital International family,” said Head of Asset Management, Antony Kelsey. “This acquisition represents another significant milestone in our growth journey and greatly consolidates our initial Jersey presence. We are looking forward to working with Ben, Russell, Jon and the wider APWIL team to drive strong growth and performance from Jersey”
