Despite its rapid growth since launching in 2001, Selestia's future might be uncertain if parent company Old Mutual's purchase of Skandia goes through, says Christopher Salih. But marketing director Bill Vasilieff is convinced the company's status as a provider of bespoke adviser solutions is secure
Initially dubbed 'Project Mars' within the confines of its parent organisation Old Mutual, Selestia has been amongst the few stars in the wrap cosmos since it launched in October 2001. The group has grown quickly in terms of assets and fund managers, amassing a total of £1.5bn under management with 824 funds from 63 groups. But now that Old Mutual has bid for Skandia - owner of the largest fund supermarket in the UK - its future is open to question. Will Selestia follow the example of Beagle 2 on its route to Mars and get lost in the wider cosmos? Or could the two continue to coexist under ...
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