Psigma Investment Management has completed the acquisition of Axa Framlington's private client business.
Part of the Punter Southall Group, Psigma Investment Management now has over £2 billion (€1.2 billion) of assets under management.
The three portfolio managers at the Axa Framlington private client business, Rupert Hunter, Michael Firth and Jon Gould, together with their five support staff, have all joined the asset manager.
In a statement, Psigma Investment Management says the acquisition is an important milestone in its continuing growth strategy.
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