Financial services firms complete merger

By Gill Harris on 9 January, 2019

 

The corporate team at Royds Withy King in Bath has advised on the merger between two financial services firms which creates a full-service wealth proposition with £450m of assets under management.

Corporate lawyers James Worrall, Katharine Mortimer and Edward Chapman advised long-standing client Apollo Multi Asset Management LLP on its merger with Trust Will Plan Limited. The deal was completed in December following approval from the Financial Conduct Authority.

The combined firm, known as Apollo MAM Group, which has its principal offices in Bath and Reigate, has ambitions to grow its asset management portfolio to £2bn under the leadership of newly-appointed chair, Kevin Ronaldson, co-founder of Intrinsic Financial Services and Bellpenny.

James Worrall, a corporate partner in Royds Withy King’s financial services sector team, said: “This merger is characteristic of the growing consolidation within the financial services sector and provides Apollo and TWP with a robust platform from which to put their significant growth plans into action and we wish them every success.”

Craig Wetton, a director of Apollo MAM Group, said: “This is an exciting time in the firm’s history and we look forward to introducing our clients to the enhanced services which we are now able to offer. Our asset and wealth management divisions will remain distinct but with the added benefits of shared technology, operational capabilities and back office support. We are grateful to Royds Withy King for the important role they played in getting the merger over the line.” 

Pictured above: James Worrall