An independent investment firm, Yorkway Partners has bought a 25 per cent stake in a corporate fiduciary services provider, One Investment Group, as the two companies form a strategic alliance.
Yorkway founder, and former chief executive at AMP, Paul Batchelor was also set to join the One Investment Group board as Chairman.
Batchelor said his firm was attracted to the quality of One Investment Group’s platforms and management that had rapidly developed in the responsible entity and trustee service market.
“One investment Group is now the third largest provider of outsourced corporate fiduciary services in Australia,” he said.
One Investment Group co-founder and executive director, Justin Epstein, said the group would greatly benefit from Yorkway’s expertise in financial services and track record in providing strategic capital to businesses.
Yorkway would help the One Investment Group accelerate its strategic growth plans, Epstein said.
One Investment Group managed more than 200 funds across infrastructure, real estate, equities, credit and funds of funds and had $10 billion under management across the world, he said.
