STM Group sells Gibraltar trust business for £2.45m
Proceeds will be used to ‘fund organic growth opportunities and further support’ its M&A strategy
UK wealth manager hits back after £15.2m bid refused
Approach letter was ‘unsolicited’ and ‘non-binding’ and proposal ‘significantly undervalued’ the firm
Two international advice firms join Feifa
They have operations in the UK, Europe and South Africa
NRIs get clarity on foreign direct investment rules
Foreign investors can also use the NRI route to gain greater control of companies operating in certain sectors
Asian investment firm buys 61.5% stake in Indian wealth manager
As the business eyes demerger and listing