New path forged: Alvarium and Pathfinder merge
Alvarium has taken control in entirety of the award-winning ethical investment manager Pathfinder Asset Management. The combined organisations will oversee more than $500 million in assets in New Zealand.
Alvarium Wealth is acquiring the outstanding 49% of Pathfinder Asset Management it did not already own, primarily from Pathfinder co-founders John Berry and Paul Brownsey, who have respectively become the chief executive and chief investment officers at Alvarium Wealth New Zealand.
Berry and Brownsey will also take a 30% shareholding in the combined New Zealand wealth business.
The acquisition of the stake integrates Pathfinder into the global Alvarium network. An international wealth management business that looks after $25 billion on behalf of wholesale investors around the world.
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