.jpg)
Nedgroup Investments, which is headquartered in Douglas, has announced a major landmark in its fortunes.
The firm, the international asset management subsidiary of Nedbank, says it now has more than $1 billion of investments under management and advice for the first time.
The actual figure is $1.2 billion by the end of December, according to Nedgroup an overall increase of more than 50 per cent in funds it is overseeing.
The company says the $1 billion barrier was broken through after a diversification in its investment strategy.
Nedgroup Investments was established in the Isle of Man in 1992, and is part of the South African Nedbank.
NEXT store to remain open
Island's 'premier destination' for celebrations to close in December
Torden Stores announces it's closing down
Crown Dependencies to opt for coordinated approach to APP fraud framework
