The FM Group was created in February when Fraser Mackinlay and Caratfin Holdings – which were Cyprus’s largest expat-focused advisory firms – merged.
The three firms have now fused the business interests of managing director Martin Treanor, chairman Derek Melly, and FAA IA managing director, Ross Pays.
As well as a desire to expand their presence in both Africa and Europe, Melly said the original merger reflected a shared belief that the changing regulatory environment was making it difficult for small and medium-sized advisory firms to survive.
“This is a welcome opportunity for my team and I to be involved with something as dynamic and visionary as the FM Group,” said Pays.
“The scope of the Group’s proposition will be of real benefit to our existing clients as well.”
The FM Group includes EEA licensed insurance and investment advisory businesses. In addition, the Group recently announced plans to open operations in Africa and the Middle East.
