Direct Portfolio to merge with Pentafin
Direct Portfolio has announced that it will be merging with Pentafin, with Pentafin chief executive Connie McKeage running the new organisation.
Direct Portfolio director Nick Basile who is also the chief executive of Ascalon Capital Managers, said the merger was intended to give the new entity the ability to deliver innovative investment solutions.
McKeage said the strategic fit between the two companies was extraordinary, with Direct Portfolio benefiting from Pentafin’s deep investment management and broking experience and track record in the development of high-end technology.
“Equally, Pentafin is merging with a business that has been at the forefront of the managed accounts industry for over a decade,” she said.
Both companies are close to completing the necessary due diligence on the transaction.
AUTHOR
Mike Taylor
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