Brooks Macdonald International (BMI) is to team up with Generali PanEurope in a deal that will see it open its discretionary investment services to Portugal-based investors.
The deal will give affluent Portuguese investors access to a range of BMI’s services, including its International Bespoke Portfolio Service, its International Managed Portfolio Service, its Corporate Bond Strategy and its Direct Equity Strategy, through Generali PanEurope’s tailored Private Wealth Portfolio (PWP).
BMI head of business development Richard Hughes, pictured, said the move represented an “important step” in its drive to open its services to more international investors.
Generali PanEurope head of affluent Chris Ennis said: “The popularity of discretionary investment managers is growing internationally and Generali PanEurope is pleased to offer Portugal-based investors a locally compliant tax efficient solution with the expert discretionary investment management services offered by Brooks Macdonald.”
BMI is the international arm of UK wealth management firm Brooks Macdonald, and is based in the Channel Islands. Brooks Macdonald has funds under management of £7.33bn (US$10.7bn, €9.8bn).
Generali PanEurope is based in Dublin, and is part of the Trieste-based insurance giant Generali Group.