Capital International Group Limited is pleased to announce the acquisition of Martello Asset Management Limited (Martello), a boutique investment firm headquartered in Jersey. This strategic acquisition aims to enhance the jurisdictional footprint of the Capital International Group (the Group) of companies beyond their current locations in the Isle of Man and South Africa.  The acquisition will increase the Group’s market presence and broaden its portfolio of services across Jersey and beyond. The acquisition is subject to regulatory consent in Jersey.  

The integration of Martello’s extensive expertise and established client base will significantly bolster the position of Capital International Group in the investment management sector. This acquisition aligns with the Group’s long-term growth strategy to expand its reach and deliver exceptional value to its clients through diversified investment solutions.

Key Benefits of the Acquisition:

• Expanded Geographic Footprint: Capital International Group currently operates from offices in the Isle of Man, Johannesburg, and Cape Town, so the acquisition provides expansion into Jersey, creating access to a new market and enabling a broader product and service offering to both companies’ international client bases.

• Enhanced Service Offerings: Combining the strengths of both companies will result in a broader range of investment products and services, offering more comprehensive solutions to clients. Martello advises on and distributes its own Martello Global Equity Fund to retail investors, via intermediaries, and in South Africa does this via its feeder fund, the BCI Martello Global Equity Feeder Fund and this will now be more easily accessible to the intermediaries and advisers who currently work with the Capital International Group.

• Strengthened Expertise: The integration of Martello’s experienced team will augment Capital International Group’s own investment team expanding the talent pool, as well as fostering innovation and expertise in investment management.

• Increased Client Base: As well as clients in Jersey, Martello’s client base extends into South Africa, Zimbabwe and other African countries which will align effectively with Capital International Group’s existing strong presence in the African continent through its 40+ staff based in Cape Town, Johannesburg and Durban and its extensive relationships with local intermediaries and adviser. The coming together of the two businesses will result in a wider client base, offering enhanced opportunities for cross-selling and deeper client relationships.

“We are thrilled to welcome Martello into the Capital International Group family,” said Head of Investment Management, Antony Kelsey, who has been leading the transaction. This acquisition represents a significant milestone in our growth journey. By combining our respective service offerings, we are well-positioned to expand the distribution of the Martello Global Equity Fund, and the wider Martello proposition into Capital International Group’s extensive relationships with intermediaries and advisers.

Martello has built a strong reputation for delivering exceptional investment management services and maintaining robust, good quality client relationships. The performance track record of the Martello Global Equity Fund speaks for itself and we are looking forward to working with the Martello team to distribute it more widely through the Capital International Group. The seamless integration of both companies will ensure continuity of service and a smooth transition for all clients and employees.”

“We are excited about the opportunities this acquisition brings,” said Gary Hill, Director of Martello. “Joining forces with the Capital International Group will enable us to leverage their extensive resources and expertise, ultimately benefiting our clients with enhanced investment options and services. We have been impressed with the Capital International team throughout our negotiations and we are confident that our team of professional employees and our clients will be well looked after in the future. The team will now engage closely with the necessary authorities to ensure the transaction receives all regulatory approvals as soon as possible.”

Anthony Long, Capital International Group’s Chairman said: “We have been keen to establish a strategic link with Jersey because of the strong investment management industry and community and so we are delighted that we have found Martello to help make a presence in Jersey a reality. The company’s African client base is also a great fit for us as we have 40+ staff across Cape Town, Johannesburg and Durban who are well placed to support and strengthen the relationships Martello have built.”

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Disclaimer: The views, thoughts and opinions expressed within the article / video are those of the author / speaker(s) and not those of any company within the Capital International Group (CIG) and as such are neither given nor endorsed by CIG. Information in this article does not constitute investment advice or an offer or an invitation by or on behalf of any company within the Capital International Group of companies to buy or sell any product or security or to make a bank deposit. Any reference to past performance is not necessarily a guide to the future. The value of investments may go down as well as up and may be adversely affected by currency fluctuations. CIG, its clients and officers may have a position in, or engage in transactions in any of the investments mentioned. Opinions constitute views as at the date of publication and are subject to change.

Regulated investment and banking activities are carried out on behalf of Capital International Group by its licensed member companies. All subsidiary companies are represented under the Capital International Group brand.

Capital International Limited, Capital Financial Markets Limited, and Capital International Bank Limited, are licensed by the Isle of Man Financial Services Authority. Capital International Limited is a member of the London Stock Exchange. Capital International Bank Limited is a wholly owned subsidiary of Capital International Group Limited (www.capital-iom.com), a privately owned financial services group based in the Isle of Man and operates as a non-retail, restricted deposit taker under a Class 1 (2) licence. Deposits are not covered by the Isle of Man Depositors’ Compensation Scheme and terms and conditions apply. Capital International Bank is the trading name of Capital International Bank Limited. Capital International Bank Limited is also licensed by the South African Reserve Bank Prudential Authority to conduct the business of a Representative Office in South Africa.  

CILSA Investments (Pty) Ltd (FSP No. 44894), trading as Capital International SA, is licensed by the Financial Sector Conduct Authority in South Africa.