PhillipCapital acquires Walker Crips Group

Singapore-based investment and wealth management group PhillipCapital has completed the acquisition of UK financial services company Walker Crips Group.

Following the acquisition, the Walker Crips brand will be retained and co-exist with the PhillipCapital name, with Walker Crips’ head office remaining in London.

As parent company, PhillipCapital will provide material support to Walker Crips to enable the firm to deploy its organic and inorganic growth strategy.

This strategy is centred around its core business units in investment management and its differentiated structured products offering.

Additionally, investment from PhillipCapital will initiate an evolution of Walker Crips’ technology and infrastructure to help it achieve economies of scale, reduce operational costs, and support enhance client service.

Walker Crips joint chief executives, Sean Lam and Christian Dougal, and other members of the senior management team, will remain with the Walker Crips Group.

Meanwhile, Mark Nelligan has resigned as non-executive director of Walker Crips following the transaction, while representatives of the PhillipCapital Group, Hua Min Lim and Linus Lim, who were previously appointed as non-executive directors on the Walker Crips board, will remain as directors.

The completion of the deal has resulted in Walker Crips being delisted from the London Stock Exchange, with the cancellation of trading in Walker Crips shares on the London Stock Exchange and the cancellation of the listing of Walker Crips shares on the Official List expected to take effect by 4 March.

“Today represents the start of a bright new chapter for Walker Crips,” said Lam and Dougal.

“We have known and respected the senior team at PhillipCapital for many years and have benefitted from their shareholding in our business for over three decades. This transaction represents their ongoing commitment to the group and our clients.

“With the backing of a global financial services group, we now have the stability and resources to continue to develop innovative and truly bespoke services for our clients.”

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