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Forsyth buys in Dubai

Fund research company Forsyth Partners is taking a stake in Dubai-based brokerage Professional Invest-ment Consultants.

Forsyth already manages PIC&#39s broker funds with Scottish Provident International and Royal Skandia as well as handling a number of its direct investments.

Forsyth will act as the investment management arm for PIC.

The alliance is the first step in a long-term plan to outsource the brokerage&#39s investment management. Forsyth says it is consid-ering other possible alliances with organisations in Cyprus, Jersey and the Far East.

Forsyth Partners chief executive Paul Forsyth says: “The concept of working in partnerships with key clients is one that we regard as being critical to our business development.

“This goes from investment management, servicing client research requirements, through to product development, marketing support and systems. A natural extension is to certain businesses where we believe we can add significant value.”

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