Swiss asset management firm Helvetia Wealth has bought Scottish independent adviser Dunedin Independent.
Dunedin launched in 1994 and specialises in providing bespoke investment management to high-net-worth inves-tors across the UK. It has £350m of funds under management and about 30 employees.
Dunedin chairman and majority shareholder Mark Emlick will step down while managing director Yuill Irvine will continue to head operations in Edinburgh. Emlick says Dunedin has shown strong growth during a difficult economic climate.
He says: “Being part of a leading European company such as Helvetia will reinforce Dunedin’s offering.”