Woodbrook Group announced today that the Cyprus Securities and Exchange Commission (CySEC) has given the green light for its merger with the Felicitas Management Group to proceed.
Michael Doherty, Woodbrook CEO, said: “Today marks the culmination of many months of hard work and preparation by our teams and the beginning of a new era with Felicitas as part of our Group.”
The move is a key part of the Woodbrook Group’s international expansion plan and is the harvest of months of effort to make the merged company a dynamic force in the provision of investment advice and opportunities, with a more diverse and enlarged range of services delivered through the increased network.
lnspired productivity, the root of the word Felicitas, can now occur. The completed merger offers a greater range of services with the same client-centred approach both groups have a reputation for.
Michael Doherty said: “The merger of our groups has greatly strengthened our investment capabilities and gives our clients an even stronger and more diverse range of investment management skills, on top of significant scale across asset classes and geographies. We believe this will enable us to deliver an even better investment proposition and service to our enlarged client base. This is the very reason why Woodbrook Group, and now Felicitas Management Group, adopts Model Portfolios.”
Doherty added: “Over the coming weeks, our team will start to reallocate assets into the proposed Model Portfolio, which best suits investment objectives and risk profile.” To Felicitas staff and clients, the Woodbrook Group CEO extended a warm welcome: “We welcome you to the Woodbrook Group, and we very much look forward to working alongside you for many years to come.”