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Strategic review for structured provider

Gilliat Financial Solutions, the structured product arm of the Arbuthnot Banking Group, has undertaken a strategic review which may lead to redundancies.

Gilliat confirms that following “substantial intervention” in the structured product arena, it has held a strategic review and is undertaking some restructuring to reflect those changes.

Arbuthnot Banking Group says it remains “fully committed” to Gilliat and the opportunity for an independent provider of structured products distributing through IFAs. Gilliat, which is run by ex-Keydata consultant Adrian Neave, launched its first structured product last September.

Managing director Adrian Neave says: “We are confident about the market for structured products in 2010 despite the difficulties faced by the structured products industry as a whole over the last six months. Interest from IFAs and investors has increased markedly and we feel there are enormous opportunities for us.”

Baronworth Investments director Colin Jackson says: “They could not have come into the market at a worse time. People joined Gilliat following the Keydata disaster and there was a lot of resis- tance to structured products.”

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. I WOULD NOT TRUST ANYTHING OR ANYONE WHO HAD ANY LINK WHATSOEVER WITH KEYDATA AFTER THE MESS THEY HAVE LEFT THOUSANDS OF INVESTORS IN !!!!!!

  2. Ah!!! I don’t know about Keydata but I have said elsewhere that I thought Henry Angest and Andrew Salmon were barking to go down this path and lose all their experienced money managers in so doing.

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