Today Rimbal announces important strategic actions that are expected to drive transformation within the group and position the business for growth in the United Kingdom.
Following a General Meeting and shareholder approval, the Rimbal group of companies have today consolidated their group operations under Rimbal Holdings Limited. Rimbal Holdings Limited is a London-based company registered in England and Wales. The consolidation under Rimbal Holdings Limited supports the strategic objectives of the group to deliver better outcomes to a broader spectrum of people (at greater profit and scale with less risk).
“We view the organisational structure as an important differentiator when seeking to build and capture long-term value and isolate risk and liabilities associated with the provision of financial advice,” Angus MacNee, CEO of Rimbal Holdings said. “Rimbal is now structured into distinct operating entities that segregate regulated activities (and risks and liabilities) from core operations, technology and services, and this provides advantages over traditional financial advisory structures.”
The new structure aligns directly to the strategic objectives of the group and will support its vision to empower a broader spectrum of people to achieve their financial goals.
The benefits to be realised by this consolidation include the ability to support the companies growing operations and focus in the UK and deliver upon its business plan as a provider of infrastructure, technology and services to the financial advisory market.