Ravenscroft completes acquisition of WH Ireland (IOM) Limited
Ravenscroft has completed the acquisition of WH Ireland (IOM) Limited following approval from the Isle of Man Financial Services Authority.
The acquisition by Ravenscroft Holdings Limited, the parent of the investment services company, of 100 per cent of the issued share capital of WH Ireland (IOM) Limited means Ravenscroft now has a presence in the Isle of Man for the first time with all six of WH Ireland’s staff in the island moving across.
‘Having an experienced and enthusiastic team on the ground, as we now have in the Isle of Man, will be key to our success. Our new colleagues share our commitment to client service and we are excited about growing our client base, expanding our offering and becoming part of the local community,’ says Ravenscroft group managing director Mark Bousfield.
‘We want to thank the Isle of Man Financial Services Authority for its proactiveness. Their support and the positive response we have had from clients and the wider business community has been very welcome.’
With immediate effect, the company name will be Ravenscroft (IOM) Limited but will trade as Ravenscroft. The entire team, who will continue to be headed up by directors Will Corrin and David Bushe, will remain at St George’s Tower in Hope Street.
‘Since the news was announced we have been working closely with our new colleagues at Ravenscroft’s head office in Guernsey to ensure that the service we provide our clients is unaffected. Our new computers and phone systems are set up, we have been liaising with the investment teams to discuss integration of our investment approaches, and working with the marketing team on a launch campaign, which will include advertising and community support. It has been a busy but exciting time,’ says Corrin.
Bushe adds: ‘It’s been fantastic to see how enthusiastic Ravenscroft is about having a presence in the Isle of the Man for the first time and we are all delighted to be part of the group, which has GBP7.45 billion of assets under administration and more than 120 employees across offices in Guernsey, Jersey, the UK and the Isle of Man.’