Riviera expansion for Ravenscroft

Monday 17 December 2018

Ravenscroft has opened an office in Monaco through a new partnership with a commodities, derivatives and equities service.

The business will be working with Tavira, which is already established in the principality as well as in London and Dubai.

Ravenscroft’s Dale Acton, has moved to Monaco to head up the new business.

The joint venture, which is known as 'Tavira Ravenscroft', has been allowed to operate by the CCAF (Commission de Contrôle des Activités Financières) in Monaco. It will will offer Ravenscroft's key services, such as execution only trading, advisory investment and discretionary investment management, to Monaco’s residents.

Pictured: Mark Bousfield, Ravenscroft Group Managing Director.

Mark Bousfield, Ravenscroft Group Managing Director, said: "A core part of the company’s long term growth strategy is to offer our range of services in jurisdictions which share similar characteristics to the Channel Islands where we are very proud to have our headquarters. That growth will come organically, through acquisitions and through finding like-minded partners as we have with Tavira.

"Over the last decade, we have been building Ravenscroft, expanding our services and adding the right calibre of staff across all parts of the business to allow us to export the model, which has delivered the success we have enjoyed to date, to other jurisdictions."

Eliot Goodfellow, founder and CEO of Tavira, said the joint partnership brought benefits to both companies. He explained: "We recognised there was a need for a different investment approach for Monaco residents and so we are delighted that we have found a partner in Ravenscroft, which will allow us to expand our offering to not only our existing clients, but prospective ones as well."