Utmost Group said on 18 October that it planned to close AAM Advisory, the wealth management and advisory firm based in Singapore. In a statement, Utmost said it acquired AAM as part of the acquisition of Quilter International in 2021. "Utmost has now completed a strategic review of the AAM business and determined that, because our focus is on partner-led distribution rather than building our own, closure and de-authorisation is the preferred strategic outcome." Commenting on the announcement, Paul Thompson, Utmost Group CEO, said: "The closure of AAM will allow Utmost Internat...
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