Roddy Watt, director of capital markets, heads up the FWD team.
He said: “As a well-established and growing specialist wealth management company, European Wealth is a natural fit and welcome addition to our portfolio of financial services clients.”
John Morton, chief executive at European Wealth, added: “FWD has extensive knowledge of both our sector and our company. As we continue to pursue our stated strategic objectives its support will help us to maintain a well-informed stakeholder community including both shareholders and investors.”
Listed on the London Stock Exchange (AIM: EWG, EWGL), European Wealth currently controls around £1.6 billion of AUM within its private wealth management and institutional services divisions.