- Five year fixed term investment bond domiciled in Jersey
- Listed on Euronext in Ireland
- Will help to finance growth of a UK-based wealth management business
- 8% coupon payable b-annually
NEWCASTLE UPON TYNE 11 December 2020: UK based fund distribution company Ganita Wealth Limited is today launching an investment bond to raise money for a UK-focused acquisition strategy. The bond’s proceeds are to be invested in buying IFA and asset management companies, specifically in the UK market.
Ganita Wealth has over 80 years of combined experience in the UK and global financial services sector, has rapidly expanded its network in the last 12 months and is now operating in the UK, Cyprus, Czech Republic and Ireland, and soon to be operating in Dubai and India.
“We are great believers in the future growth prospects of the UK wealth management market,” said Paul Smith, CEO of Ganita Wealth. “We are in the process of building an integrated fund management and advisory platform par excellence. This bond will help to facilitate that growth as we look to acquire high growth IFA and fund management businesses.”
Ganita Wealth is planning to expand its business into a number of complementary areas, including fund distribution, managing in-house UCITS funds, and the administration of financial products like SIPPs. Proceeds from the bond will also assist with setting up the firm’s asset management umbrella, now in progress.
Ganita Wealth anticipates that both the domestic UK and international wealth management market will be poised for strong growth in the post-COVID environment. The global wealth market is expected to recover and grow at a CAGR of 9% from 2021 to 2023, reaching approximately $1.645bn in value.
Stuart Fieldhouse, Hawksmoor Partners
T: +44 (0) 7793 882230 / E: firstname.lastname@example.org
About Ganita Wealth
Ganita Group is a dedicated fund distribution company with a global presence. The firm has an international network and a range of funds that will soon be made available to both the retail and institutional markets. It was founded immediately after 2008 to manage funds for private clients. It is now diversifying into multi-strategy UCITS funds distribution via its fund distribution hub in Cyprus.
Press release distributed by PressHalo on behalf of Ganita Group, on 11th December, 2020.