Ironbark will obtain 100 per cent of the issued capital of Certitude – the responsible entity of several registered managed investment schemes – once the acquisition is finalised on 30 April.
According to a statement issued by Certitude, the acquisition is part of Ironbark’s strategy to “maximise its footprint” in Australian asset management.
Ironbark chief executive officer Chris Larsen said the acquisition was a “good strategic fit with its existing partnerships”.
“The Certitude business provides a particular capability in global asset management that complements Ironbark’s existing offers and fund managers,” Mr Larsen said.
“We are delighted to be acquiring a business of such strength and capability, with strong customer relationships.”
Certitude chief executive Craig Mowll added: “Certitude has a strong business model and this move ideally positions it to continue growing.
“We know this acquisition will deliver the scale of opportunities to Certitude’s existing investment management suite, which will ultimately benefit our clients.”
