The new company is called JOOL Capital Partner International and MacDonald, who was the head of Skandia’s South East Asia region until March this year, has been appointed its managing director.
JOOL said the new company is a wholesale distributor of alternative investment products and “links innovative and exclusive alternative investment management opportu¬nities for high-net-worth individuals through a global network of independent investment advisory firms”.
The new company will be launched into both Asia and the Middle East.
In Sweden, JOOL Capital is known for its family office, corporate finance and alternative investment fund distribution divisions.
Group chief executive Tom Olander said: “I am delighted to announce the launch of our international business as we expand into Asia and the Middle East. David’s substantial senior manage¬ment distribution experience makes him an invaluable addition to the JOOL team”.
