Cyprus-based Felicitas Management Group has added two new directors as it prepares for launch of a new multi-jurisdiction investment partnership.
Patrick Ralph joins as managing director and Gareth Davies as sales director, joining Felicitas directors Martin Treanor, Derek Melly and Karen Ogilvie as the firm prepares its new international network, set to be rolled out as the Felicitas Partnership in October.
Ahead of the launch, the group said that it has already begun preparing applications for the establishment of licensed, investment advisory businesses in South Africa, Kenya and Thailand. The croup’s Cyprus-based operations include MiFID and IMD licensed businesses, which operate in several key European territories including France, Spain and Italy.
The partnership will operate across multi-jurisdictions and will provide members with fully licensed operations across Europe, Southern and Eastern Africa, the Middle East and South East Asia.
The group said that it also has plans to establish a licensed operation in the UK for the purposes of providing partnership members, worldwide, with its own FCA compliant, pension analysis and report writing service. It added that this move will be implemented regardless of the result of the forthcoming UK referendum on Europe,
“The Felicitas Partnership is unique in that it will be owned by its members,” said new MD Patrick Ralph. He pointed that members will benefit from full equity participation in the partnership, which is targeting an IPO within five years.
New UK international academy
The partnership will also be establishing an academy in the UK to recruit and train post graduates seeking a career in international financial services. Students will study for UK or international equivalent, level 4 and above professional qualifications.
Students will also have the opportunity to further their learning overseas through the partnership’s intern placement scheme. Once qualified, they will be able to apply for positions in any of the Partnership’s licensed locations.
The Felicitas Management Group was formed in 2014 by directors Martin Treanor and Derek Melly.