Origen Strategic Alliance

RNS Number : 0364U

Brooks Macdonald Group PLC

12 May 2008

 

                           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                           [phone]
                                                       www.brooksmacdonald.com

Collins Stewart Europe Limited
Nick Ellis / Oliver Quarmby                                [phone]



ENDS

 

END

 

 

MSCQVLFBVEBFBBV