StockMarketWire.com - Hansard Global reported a marginal uptick in assets under administration in its fiscal first quarter from the previous quarter thanks to a rise in new business.

For the period from 1 July 2019 to 30 September 2019, assets under administration were up marginally on the previous quarter to £1.09bn as new business rose 9.7% for the quarter to £35.8m on-year, the company said.

The primary area of growth continued to come from the company’s locally licensed business relationship in the UAE, it added.

'Following the recent acquisition of our Investment Manager licence in Japan, our primary objective for this financial year is to finalise our new proposition and operational model with a number of potential distribution partners and to launch to new business,' said Gordon Marr, chief executive officer.



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