PRESS RELEASE: MitonOptimal International, the Guernsey-headquartered discretionary fund management company, is delighted to announce that it has agreed the acquisition of Orchard Wealth Management Limited in Jersey, after receiving regulatory approval from the Jersey Financial Services Commission.
Orchard Wealth Management Limited is led by highly respected Fund Manager Richard Harwood, who will be joining the MitonOptimal Group board of directors. Richard manages the Orchard Fund, a sub-fund of Orchard Funds PLC; a Dublin listed UCITS with a highly successful track record since 2003.
Scott Campbell, Group Managing Director and Chief Investment Officer at MitonOptimal stated “We have invested with Richard and watched his progress for a number of years now. The benefits of joining our businesses together, particularly with our Dublin fund focus, and partnering with the MitonOptimal team to further develop our Jersey discretionary fund management (DFM) services make sense.
As we continue to develop our DFM, Model Portfolio Services and Funds business on a global basis, this was a sensible next step for us both.” Richard Harwood added “With increased regulation and distribution cost for small fund management businesses, MitonOptimal was a logical choice to partner for the future. My aim is to focus on continuing to deliver top quartile performance on our Orchard Fund (an Enhanced Global Equity Income strategy) and building on our Jersey relationships”.
For all queries, please contact:
- Scott Campbell, Group Managing Director and Chief Investment Officer +27 82 3014001
- Richard Harwood, Managing Director Orchard, +44 1534 761701