International Sipp provider STM Group hopes relocating will allow it to be more “UK centric”, the firm’s interim results have revealed.
STM Group, the cross-border financial services group which offers an International SIPP, is planning to expand its senior staff as the firm seeks to grow through acquisition.
A skilled persons review has called for a raft of compliance and governance improvements at international SIPP and cross border financial services group STM which saw its chief executive arrested in Gibraltar last year.
International SIPPs provider STM Group achieved record growth in profits and boosted revenue, according to the company’s latest results.
SIPP provider STM Group - which owns UK-based London & Colonial - is to move its HQ from Gibraltar to the UK following the arrest and release last year of its chief executive.
SIPP provider STM Group said today that its chief executive Alan Kentish has been released from arrest by the Royal Gibraltar police as of 13 November “without any charge.”
Shares in SIPP provider STM Group were suspended from the AIM market today at 7.30 am as the group - whose chief executive was arrested in October - announced an acquisition.
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