Wealth management group ARC is now majority-owned by its employees, with the largest ordinary shareholder being an employee benefit trust.
Arthur Labatt, the Canadian businessman who invested in ARC in 2014, remains a minority ordinary shareholder.
Graham Harrison, ARC Group MD said: “It is a fantastic result to be able to reorganise ARC to achieve broad equity ownership by senior management. The involvement of Arthur Labatt a few years ago has allowed ARC to expand its operations internationally and to invest in ongoing software development. His support has allowed us to establish a firm foundation for future expansion.”
Arthur Labatt said: “During my period of involvement I became convinced that ARC’s businesses and its standards of service to its clients would be considerably enhanced if there were substantial employee ownership. With a solid financial base and sustainable revenue growth across multiple jurisdictions, the time is now right for the broad enfranchisement of senior management to provide stability and security for both ARC employees and ARC clients.”
“ARC believes that independent thinking follows directly from independent ownership. And independent thinking underpins ARC’s culture of driving innovation to power insight for the benefit of their clients. This capital restructuring ensures that ARC can attract and retain the best investment talent and continue to provide its clients with innovative investment insight over the long term.”
