Jamieson has advised the management team of Interactive Investor on a new management incentive programme to be implemented as part of Interactive Investor’s acquisition of TD Direct Investing, a subsidiary of the Canadian banking group, TD. The deal will be funded by JC Flowers, a private investment firm with a focus on financial services businesses.
The combined group will have approximately £18bn under management and 300,000 customers. JC Flowers will become the majority shareholder in the combined group while Interactive Investor’s existing shareholders will continue to hold a stake.
“This combination will bring real benefits to both Interactive Investor customers and TD Direct Investing customers. The enlarged Interactive Investor will have increased scale, expertise and resource, enabling it to provide customers with award winning online investment services at low charges. We look forward to welcoming all our new customers to Interactive Investor and championing the needs of individual investors.”
Adam Seale, CEO