Announced
Synopsis
Embark Group, a provider of full-scale savings and retirement services, completed the acquisition of Sterling ISA Managers, an investment and retail platform, and Zurich Investment Services, an authorised corporate director and investment management company. Financial terms were not disclosed. “We are very pleased to have successfully concluded these transactions, despite the additional hurdles produced by the COVID-19 environment. We are equally pleased to see the robustness of the business through the recent and ongoing market volatility emanating from this situation. Our attention is now firmly on business continuity and servicing our new clients and distribution partners, enhancing the proposition we provide, and continuing to safely grow our competitive presence in this exciting market," Phil Smith, Embark Group Chief Executive.
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