Shard Capital has agreed to take a 50% stake in the Dublin-based investment platform “Omnium”, the innovative technology solution for financial advisers in Ireland.
The deal gives Shard Capital access to a strong digital platform as well as access to new markets with a regulated entity to springboard its plans for expansion within Ireland and the European Union.
In turn, the investment from Shard Capital, which is subject to regulatory approval, will enable Omnium to accelerate its growth trajectory and capitalise on the huge demand for its digital platform over the last year.
Shard Capital CEO, Toby Raincock, adds:
“Shard Capital and Omnium are both client-focussed, solutions-led businesses and our combined entrepreneurial spirit and agility will ensure we are well-placed to create innovative solutions for clients. Shard and Omnium’s partnership represents a fantastic opportunity for expansion for both organisations and provides us with the ideal platform to expand our offering across both Ireland and the EU27.”
Christopher Ovenden, CEO, Omnium Investment Platform comments:
“The demand for our digital platform has shot through the roof in the last 12 months where we have seen five years of digital transformation take place in one year.
“By working with Shard Capital, we will be able to accelerate our enhanced offering to clients in Ireland and the EU, as well as extend the range of services we provide. Shard’s stellar reputation for excellence in client servicing fits in with our own commitment to providing the highest quality of service, and with access to their experienced, market-leading team, Omnium is ideally placed to accelerate our ambitious growth plans in the near future.”
The transaction concerned will see Shard Capital International Ltd obtain a 50% interest in Omnium and is subject to obtaining regulatory approval of the Central Bank of Ireland (pending at time of release).
