Share plc to buy 5 per cent stake in The Way Group
Share
Share plc has agreed to buy a 5 per cent stake in The Way Group as part of a collaborative agreement between the two.
The move will see The Way Group look to continue its growth in the market by offering a number of initiatives between the pair.
Share plc group compliance and legal services director Iain Wallace also joins the Board of Way as a non-executive director.
The Way Group chairman Paul Wilcox says: “We both share a similar culture and a clear focus on client service levels – going forward we intend to unveil a raft of new and dynamic initiatives benefiting investors and our employees alike,” he said.
“Iain and his team will be progressively taking over major parts of our outsourced administration - initially Sharefunds will be preparing to undertake fund accounting work for WAY and its many unit trust and Oeic funds, whilst both groups work on plans for further joint initiatives.”
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