Evelyn Partners sells Fund Solutions business
27 January 2025 UK
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Evelyn Partners Group has sold its fund solutions business, operated by Evelyn Partners Fund Solutions (EPFL), to Thesis.
EPFL, a provider of fund governance and fund administration services for UK-domiciled funds, will now become part of Thesis, a UK-based operator of funds. Evenly Partners staff that were originally part of the EPFL business will also now transfer across to Thesis.
The decision comes following a strategic review from Evelyn Partners, where the company intends to refocus on its core wealth management activities. The acquisition by Thesis is said to further enhance the firm's range of funds.
Group chief executive of Evelyn Partners Group, Paul Geddes, comments: “The sale of EPFL to Thesis, will further streamline Evelyn Partners so that we will be focused solely on wealth management. It will also provide new opportunities for our EPFL colleagues as part of a larger, specialist fund governance business.”
David Tyerman, chief executive of Thesis, adds: “I’m delighted to be welcoming the EPFL team to Thesis. Their reputation in the market is excellent and, like us, they have a culture founded in high-quality professional services. Having EPFL in the group increases choice for our sponsors, as well as introducing greater scale for Thesis.”
EPFL, a provider of fund governance and fund administration services for UK-domiciled funds, will now become part of Thesis, a UK-based operator of funds. Evenly Partners staff that were originally part of the EPFL business will also now transfer across to Thesis.
The decision comes following a strategic review from Evelyn Partners, where the company intends to refocus on its core wealth management activities. The acquisition by Thesis is said to further enhance the firm's range of funds.
Group chief executive of Evelyn Partners Group, Paul Geddes, comments: “The sale of EPFL to Thesis, will further streamline Evelyn Partners so that we will be focused solely on wealth management. It will also provide new opportunities for our EPFL colleagues as part of a larger, specialist fund governance business.”
David Tyerman, chief executive of Thesis, adds: “I’m delighted to be welcoming the EPFL team to Thesis. Their reputation in the market is excellent and, like us, they have a culture founded in high-quality professional services. Having EPFL in the group increases choice for our sponsors, as well as introducing greater scale for Thesis.”
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