SGH and DMP announce plans to merge

From
Stephen Hiscock

Stephen Hiscock

SG Hiscock & Company (SGH) and DMP Asset Management (DMPAM) have agreed to a merger of the two businesses, forming an investment management organisation with substantial experience and strength of personnel, based in Melbourne.

The merger, which will be finalised by the end of March 2019, brings together two long-standing, quality businesses with shared cultures and complementary strengths in investment management, research capabilities and private client portfolios.

Both businesses will retain their separate Australian Financial Services Licences and brands following the merger to ensure a clear focus on the two pillars of business within the merged entity, namely Institutional mandates and retail unit trusts (SGH) and wholesale tailored portfolio services (DMPAM).

Angus Graham, CEO of DMP Asset Management, says that the merger combines two complementary businesses with a shared focus on client service.

“Most importantly, the merger of SGH and DMPAM makes sense for our clients. The depth and breadth of knowledge and experience of the two teams increases the bench strength significantly. The merged entity combines the strength of SGH’s & DMPAM’s investment performance and research capability, with DMPAM’s long history in managing bespoke private client portfolios – including some clients that have been with the firm for over 28 years.

“The business will retain its focus on providing funds management, asset allocation and portfolio construction solutions to wholesale clients.”

SGH chair, Stephen Hiscock, said the merger will further strengthen the investment capabilities of both businesses, to the benefit of clients.

“We believe it is timely to strengthen both businesses through a merger to form a larger entity, whilst maintaining the strength of independence from outside financial institutions” he said.

“Both DMPAM and SGH have a long track record and culture of client focus.  From our clients’ point of view, it is business as usual.

Following the merger, Mr Hiscock will join the DMPAM board while Mr Harry Cator and Mrs Brenda Shanahan PhD from DMPAM will join the SGH board.

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