Portfolio taken over on Friday
The SMP Partners Group has acquired a fund administration business, after completing a deal to purchase Capital International Fund Managers Limited (“CIFM”) from Capital International Group.
SMP Fund Services Limited took over CIFM’s client portfolio on Friday, to provide fund management and administration services to a range of investment funds.
Group Chairman Steve McGowan says the agreement reflects SMP Partners’ strategy for growing the group.
Capital International Group CEO Greg Ellison says it's been a pleasure to work with Steve and his team at SMP on the transaction.