Gate is regulated by the Financial Conduct Authority and invests in equities, bonds, futures, options and alternative assets.
The European Bank for Reconstruction and Development, which owns 20%, declined to comment. OTP declined to comment on Nova KBM.
Following a competitive tender, Intertrust Group was appointed based on the firm’s bespoke offering, operational strength to service the entire vertical fund structure and strong European foothold.
There will be no changes to the costs to clients of Robson Taylor IFA, while the business will benefit from the economies of scale, technology and administration of the larger firm.
Paul Robinson, portfolio manager said: "With global investors on the hunt for yield, African Eurobonds currently provide access to a liquid asset class which is offering some of the most attractive USD yields globally.
Jon Levy, Watford’s chief executive officer, said: “Our objective is to leverage our large capital base and Axeria’s experienced team to strengthen existing business relationships and to build new ones.”
On an underlying basis, by normalising COVID and natural catastrophe losses and excluding reserve releases, the combined ratio improved to 100.7 percent, Willis Re said, the first full-year improvement in the ratio since at least 2014.
There will be no changes in the costs to clients of the IFA, Fidelius said, though it added the business would benefit from the economies of scale, technology and administration of the larger firm.