Utmost Wealth Solutions, the specialist international wealth management brand, has announced further expansion that is creating additional development opportunities at its Isle of Man operation.

Utmost Wealth Solutions’ parent, the Utmost Group of Companies, has confirmed the acquisition of Generali Worldwide in Guernsey, now rebranded Utmost Worldwide. The new addition to Utmost Wealth Solutions means that assets under management at the brand have more than trebled over the last two years to £31bn.

The Isle of Man office, Utmost Limited, currently employs about 200 staff and provides support services throughout the group of companies.

As one of the fastest growing international financial services brands in its sector, Utmost Wealth Solutions is building a formidable force in the international market for specialist cross-border wealth management solutions.

Mike Foy, chief executive of Utmost Group Isle of Man said: ’This latest acquisition is in line with the ambitious growth plans the Utmost Group announced last year and which we continue to pursue.

'While the Group’s expansion includes other jurisdictions, it creates growth for the Isle of Man office and development opportunities for the staff based here.

'The Isle of Man office is a key element in the ability to deliver efficiencies across the Utmost Group of Companies.’