Ravenscroft has expanded into the UK after
purchasing a 75% stake in Peterborough-based private client
stockbroking company A Vartan Limited, now to be re-branded as Vartan
Jon Ravenscroft, Group Chief Executive Officer of Ravenscroft,
and Andrew Vartan, Chief Executive Officer of Vartan Ravenscroft,
are old school friends and the two companies have had a close
working relationship since Ravenscroft was established in 2005.
"Andrew and I have known each other since school and we
have a very similar approach to the stockbroking business. We also
share the same fundamental values. The team based in Peterborough
have also built up strong working relationships with our team in
the Channel Islands over the past few years," said Mr
"Andrew and I felt that the two businesses were stronger
together as it offered real opportunities, for both Ravenscroft and
Vartan Ravenscroft to further develop our enterprises, I am
delighted that the boards of both companies also felt that this
alignment would add value."
Ravenscroft, which is the only locally-owned independent
stockbroking and investment management company in the Channel
Islands, will continue to operate under its present name with A
Vartan Limited rebranding to Vartan Ravenscroft.
Mr Vartan will become chief executive officer of Vartan
Ravenscroft with Mr Ravenscroft remaining in his role as Group
Chief Executive Officer and supported by the 50-strong team across
Guernsey and Jersey.
Mr Vartan, who co-founded the business with his father John
Vartan, said that the resulting group would allow the family
business to expand its offering.
"A Vartan Limited has built up a strong reputation for
providing high quality advisory and discretionary stockbroking
services, as well as portfolio management. However, we recognised
that in order to offer greater investment opportunities to our
clients, the support of a larger group would add value," he
"Both companies have a very strong family feel about them
and I know that those principles would really appeal to our client
base. Both Jon and I want to ensure that we continue to provide the
very best service to our clients and the best investment
strategies, whilst maintaining our own independence, with a simple
but effective investment philosophy."
Probably the most significant change from previous practice in Guernsey law under the Companies (Guernsey) Law 2008, which came into effect on the 1 July 2008, was the consignment to history of the concept of capital maintenance, which was discarded in favour of a solvency model as the basis of a company’s ability to pay distributions and dividends.
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