12th May 2008 06:00
BROOKS MACDONALD GROUP PLC BROOKS MACDONALD GROUP PLC TAKE ON ORIGEN DISCRETIONARY FUND MANAGEMENT REMIT Brooks Macdonald Group PLC ("Brooks Macdonald" or the "Group") announces that Brooks Macdonald Asset Management, a subsidiary of the Brooks Macdonald group, has entered into a strategic alliance with leading independent financial adviser Origen to manage Origen's discretionary fund management business, which totals 65m of assets. Under the new arrangement, Brooks Macdonald will manage the assets within two of Origen's investment service offerings. A Managed Portfolio Service for clients investing between 10,000 and 300,000 and a Bespoke Portfolio Service for clients with assets over 250,000. Both services are discretionary. Origen employs 422 staff in 11 offices throughout the UK and is part of the Aegon Group. Brooks Macdonald CEO, Chris Macdonald said: "This is a very exciting development for the Group. As well as the immediate 65m of funds under management, I am enthused by the medium and long term prospects for growing funds under management in partnership with Origen. For further information: Brooks Macdonald Group PLC Chris Macdonald, Chief Executive +44 (0)20 7499 6424 www.brooksmacdonald.com Collins Stewart Europe Limited Nick Ellis / Oliver Quarmby +44 (0)20 7523 8350Related Shares:
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