Titan Wealth has announced the acquisition of Progeny International, the international business arm of the Progeny Group subject to regulatory approval.
Progeny International (formerly part of the Fry Group) is a tax-led financial advice business with operations in Belgium, Singapore, Hong Kong and Dubai International Financial Centre (DIFC). The acquisition will add approximately GBP900 million of assets under advice to Titan Wealth’s international business.
Progeny International specialises in supporting internationally mobile individuals, entrepreneurs and multi-generational families with cross-border financial planning, wealth structuring, succession planning, tax and investment advice. The business combines local market expertise with a coordinated international approach to help clients smoothly navigate increasingly complex financial, regulatory and tax considerations across multiple jurisdictions.
The acquisition significantly strengthens Titan Wealth’s international presence, expanding its footprint in established and fast-growing centres for international finance and private wealth across Europe, Asia and the Middle East. The offices in Hong Kong and Singapore were established more than 30 years ago and provide Titan with market leading capabilities in these important markets. The agreement also enhances Titan Wealth’s ability to provide integrated wealth management solutions to clients with international interests, while adding 13 highly qualified financial advisers to the Group.
Andrew Fearon, Joint Group CEO and Head of M&A at Titan Wealth, says: “International expansion is a key part of Titan Wealth’s long-term growth strategy and Progeny International is a highly complementary addition to our growing international business. It has built an outstanding reputation for delivering specialist advice to clients with increasingly complex cross-border requirements and its presence in several of the world’s leading wealth hubs significantly enhances our global reach. This acquisition reinforces our commitment to providing clients with a seamless, integrated wealth management proposition wherever they are based, and we are excited to partner with the team as we continue to expand our international capabilities.”
Tom Wood, CEO of Progeny Group, says: “The sale of our international business marks a pivotal moment in our journey and a decisive step in sharpening our strategic focus. Over the past year, we have undertaken a deep strategic review, creating a simpler, stronger and more agile organisation that can scale effectively and deliver consistently strong outcomes for clients.
“This move is about focus, clarity and ambition. By concentrating our resources on our core UK market and capabilities, we are reinforcing our commitment to financial resilience, operational excellence and technology-enabled service. With these foundations in place, we are well positioned to further our growth and deliver sustainable value for clients, colleagues and shareholders as we enter the next chapter of Progeny’s development. The future of the international market business is in great hands with Titan Wealth, who are committed to delivering excellent investment outcomes for clients.”
The acquisition is subject to regulatory approval.
