Convoy Global Holdings Limited announced that it has invested £24 million in Nutmeg, the UK’s leading digital wealth manager.
The Series D investment is part of a £30 million funding round- the largest-ever round of funding by a digital wealth manager in Europe and the largest fintech raise since Brexit.
Established in 1993, Convoy Global Holdings Limited, has major members including Convoy Financial Services Limited, Convoy Asset Management Limited, Hong Kong Credit Corporation Limited, Convoy International Property Consulting Company Limited, Convoy Capital Hong Kong Limited, CSL Securities Limited and Convoy Collateral Limited etc. Since establishment, the Group strives to provide corporate institutional as well as individual clients integrated financial services with its prudent management and professional service standard. Services include financial planning, life and general insurance, MPF, asset management, corporate finance, loans services, securities trading etc.
Jones Day advised Convoy Global Holdings Limited in its acquisition of a minority stake in Nutmeg with a team led by London-based partner Raymond McKeeve.
Involved fees earner: Raymond McKeeve – Jones Day;
Law Firms: Jones Day;
Clients: Convoy Global Holdings Limited;