Lindsay Bateman, Business Development Director, Brooks Macdonald International.
Brooks Macdonald International (BMI) today announces that it has won a mandate to manage half of all South African based Personal Trust International’s (PTI) existing offshore portfolios, which are registered under PTI Guernsey Limited.
The mandate, totalling US $40 million, will be split across Personal Trust International’s two offshore registered funds. BMI will be responsible for managing half of the circa $80 million assets of each of the US dollar-denominated funds.
The Funds will invest in a diversified range of asset classes. BMI will use a range of both active and passive investments to achieve the funds’ objectives.
Mr Lindsay Bateman, Business Development Director, Brooks Macdonald International, commented: “This appointment recognises BMI’s international capabilities and our expertise in managing over $10 billion of multi-asset, risk-rated, multi-currency portfolios. This is an important step for BMI following the granting of our license to operate in South Africa and the creation of our dedicated Africa team, and further cements our commitment to partnering with local financial services providers in the region.”
Brooks Macdonald International was granted a category 1 license to provide advisory and intermediary services in South Africa by the Financial Services Board (FSB) in May 2015. The license means that BMI can offer its discretionary investment management, security and dealing services to South African investors from its Channel Islands base. Lindsay Bateman and Gary Hill, Senior Investment Manager, have been approved as Key Individuals by The FSB.
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