The Channel Islands subsidiary of independent investment manager Brooks Macdonald saw the value of funds it manages grow by 9% over the second half of 2017, according to the firm’s recently published half year Trading Update. The figures were announced by Brooks Macdonald last month as part of the Group’s interim report for the six months ending 31 December 2017, and show that Brooks Macdonald’s international division, which includes the firm’s Guernsey and Jersey offices, saw its discretionary Funds Under Management (FUM) business grow by 9.1% from £1.53bn to £1.67bn over the period.The results also show that the Brooks Macdonald Group as a whole added over £1.2bn in discretionary FUM during the half year to end the period at £11.7bn, an increase of 12.3%. Commenting on the results, Darren Zaman, CEO, International, Brooks Macdonald, said:
“We continue to see strong sustained growth in our discretionary investment business in the Channel Islands, which is pleasing in an environment that remains challenging. The focus we’re putting on client and adviser relationships in key overseas markets, including the Middle East and Africa, is really paying dividends as our Guernsey and Jersey offices continue to play a key role in driving forward Brooks Macdonald’s international strategy.”
