Redington has announced that it has secured private equity backing from Phoenix Equity Partners. Phoenix’s investment will enable Redington to continue to develop its long-term proposition for clients, while delivering exceptional service to them. Financial terms of the transactions are not being disclosed. |
Redington provides framework-based, outcome-oriented investment advice, research and technology to some of the largest institutional investors in the UK, Europe and China. The business has seen strong growth in recent years, with Assets under Consulting increasing from £115bn in 2013 to over £500bn today. The business will retain its independence and control over strategy and the inclusive culture on which it prides itself. Redington’s founders will remain involved and the roles and responsibilities of the management team and the company’s 170 staff will remain unchanged. Mitesh Sheth, CEO at Redington, said: “The investment by Phoenix is a positive, natural and planned next step for the business and one which we are very excited about. We have chosen Phoenix as our partner because of its track record in backing and supporting management teams to deliver on their strategic vision. It demonstrates confidence in our people to continue to deliver Redington’s client service, unique culture and our ambitious strategy to help make 100 million people financially secure.” Sandy Muirhead, at Phoenix Equity Partners, said: “Over the last few years, Redington has built an enviable reputation by delivering exceptional client service. This has enabled Redington to achieve significant growth in its core DB and DC pensions business, as well as to develop its new business lines including SaaS and advice to Global Asset-only institutions. We look forward to supporting Mitesh and all his team on what promises to be an exciting journey.”
The transaction is subject to regulatory approval by the Financial Conduct Authority. |
|
|
|
Pensions Data Science Actuary | ||
Offices UK wide, hybrid working - Negotiable |
Head of Pricing | ||
London - Negotiable |
Global Specialty Pricing Actuary | ||
London - £95,000 Per Annum |
Client-facing DC investment manager | ||
London / hybrid 3 dpw office-based - Negotiable |
Financial Risk Leader - Bermuda | ||
Bermuda - Negotiable |
Aylesbury Actuaries | ||
Aylesbury / hybrid 3dpw office-based - Negotiable |
Make an impact in protection pricing ... | ||
London / hybrid 2 days p/w office-based - Negotiable |
BPA Implementation Manager | ||
North / hybrid 50/50 - Negotiable |
Head of Reserving | ||
London - £160,000 Per Annum |
In-force Longevity Actuarial Analyst | ||
London / hybrid 2 dpw office-based - Negotiable |
Make a difference within reinsurance ... | ||
London / hybrid 2 dpw office-based - Negotiable |
Be at the cutting-edge of life & heal... | ||
London / hybrid 2 dpw office-based - Negotiable |
Longevity Pricing Analyst | ||
London / hybrid 2 dpw office-based - Negotiable |
Develop your career in life reinsuran... | ||
London / hybrid 2 dpw office-based - Negotiable |
Protection Pricing Actuary - Life Rei... | ||
London / hybrid 2 dpw office-based - Negotiable |
Life (Re)insurance Pricing Manager (P... | ||
London / hybrid 2 dpw office-based - Negotiable |
Take the lead: life & health reinsura... | ||
London / hybrid 2 dpw office-based - Negotiable |
Pricing Tools and Systems Developer | ||
London / hybrid 2 dpw office-based - Negotiable |
Longevity Pricing Actuary | ||
London / hybrid 2 dpw office-based - Negotiable |
Shape the future of longevity | ||
London / hybrid 2 dpw office-based - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.