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WH Ireland sells subsidiary as it looks to 'streamline' offering

News Team, 29/06/2020

WH Ireland chief Phillip Wale

Wealth manager WH Ireland has announced it will sell its Isle of Man business as it looks to streamline its offering and become profitable.

Ravenscroft – an investment services group based in Guernsey, Jersey and the UK – will pay WH Ireland up to £662,500 via cash and a deferred consideration for the business, which manages just over £350 million

Ravenscroft will also repay WH Ireland for intra-gr...


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