Syndicate Asset Management will offload its institutional fixed income asset management business, Epic, to focus on wealth management, Financial Times reports. The firm has appointed advisers and has begun discussions with third parties regarding the sale. After a strategic review by Mark Cheshire, the new group CEO, the firm may rebrand itself to Ashcourt Rowan as it focuses exclusively on financial planning and asset management. Syndicate, which has roughly £4.5 billion of funds under management and advice, is seeking to simplify its central overhead structure.
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