‘For some time the Gore Browne Board and shareholders have been seeking a partner who was already operating in the private client sector, to invest in our business. Crucially the investor needed to have a known track record of treating clients as individuals and providing bespoke discretionary investment management solutions to them’, says CEO Mark Arkwright.
‘Together with our corporate advisers, IMAS, we conducted a comprehensive review of the wealth management sector, and received several attractive offers. We selected Hawksmoor as this was the best fit for our clients and our people. It has always been our creed, in an increasingly unapproachable investment world, to put clients first. We have known and respected the team at Hawksmoor for many years and feel confident that together we will continue to deliver an exceptionally high quality, personal service’.
Hawksmoor, whose head quarters are in Exeter, has a strong and growing regional presence in the UK which complements GBIM’s Salisbury and Harrogate offices. While Gore Browne and Hawksmoor will become a single enterprise, the Gore Browne name and offices will be maintained, and the business will continue to use Pershing as its custodian.
Hawksmoor CEO Sarah Soar said ‘We are delighted to be welcoming the GBIM team on board. It is clear that they share our values and have a strong emphasis on client satisfaction. Combining their knowledge and expertise with the existing Hawksmoor team will allow us to expand our offering across the South and the North-East as we welcome the team across two new offices and continue to grow the business.’
The existing Gore Browne shareholders, and other members of staff who hold options, will rollover a significant portion of their equity interest into equity in the Hurst Point Group.
Mark Arkwright, CEO Gore Browne, Tel: 01722 424444 Email: [email protected]
Sarah Soar, CEO Hawksmoor, Tel: 01392 549540 Email: [email protected]
Fred Hansson, Partner IMAS, Tel: 020 7444 4390 Email: [email protected]