As part of this, GLI is bringing together its Sancus and BMS trading businesses, to create a company with seven divisions in five different locations.
Whelan says the combines business, Sancus BMS, will be “highly profitable”, looking to “make £2.5mln this year and looking to estimate £4.5mln next year”.
He adds that Sancus BMS is the “first pillar” in a three pillar strategy for the company.
The other pillars are working on its asset management business, which the chief executive says is “going to plan” and slimming down its platform portfolio, with everything implemented “hopefully by the end of this year”.
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