The directors and shareholders of Argyll Investment Services Limited (“Argyll”) are pleased to announce that an agreement has been reached for MitonOptimal International Limited to acquire a majority stake in Argyll, subject to approval by the Guernsey Financial Services Commission (“GFSC”).
Founded in 2004 and owned by its management and directors, MitonOptimal is an independent global fund manager and asset consultant, with offices in Cape Town, Singapore and Guernsey. It currently manages total assets of USD450 million through a range of Guernsey- and South African-based collective vehicles plus other mandates, resulting in total assets under management of USD600m for the enlarged group.
Upon regulatory approval, Argyll will be re-named MitonOptimal Portfolio Management (CI) Limited and will take on the branding of the MitonOptimal group. This apart, it is very much a case of “business as usual” in every respect, with all of Argyll’s current directors (who remain shareholders), its management and staff remaining with the firm, which will continue to operate from its premises at Weighbridge House in St. Peter Port’s Lower Pollet.
MitonOptimal, in particular its managing director and CIO Scott Campbell, have been known to us for many years and we are delighted to be joining forces with a business and individuals with whom we share a number of common values, principles, philosophies and service standards. We are also excited about the possibilities and potential offered by our expanded investment capability and geographic footprint.