Guernsey is a key jurisdiction for the MitonOptimal Group, where we are continuing to grow,” he said. “As a group, we now manage in excess of $1.2bn for clients globally.
It uses proprietary technology which was built 'API first', allowing integration with supporting systems such as adviser CRM, risk tools, portfolio analysis and cash flow modelling.
The Financial Services Consumer Panel, meanwhile, believes the insurance industry has a role to play in addressing the so-called protection gap.
Following the completion of the deal, Dominic Burke, group chief executive of JLT, will join MMC as vice chairman and serve as a member of MMC’s executive committee.