Brooks Macdonald International (BMI), the Channel Islands subsidiary of independent investment manager Brooks Macdonald has reported an increase in net new business and is making a good contribution to the Group’s overall performance, according to the firm’s financial report. The report, published last month confirms that the value of funds under management (FUM) in the Channel Islands grew by 9.1% over the second half of 2017, whilst also highlighting that revenue generated by the firm’s Guernsey and Jersey offices grew 3% year-on-year to represent around 14% of the Group’s total revenues over the period. Across the Group, Brooks Macdonald saw a 25.8% year-on-year increase in total discretionary FUM, reaching £11.7bn at 31 December, and a 10.9% increase in revenue, driven by growth across its UK investment and funds businesses as well as its International division.