The Stuttgart-headquartered DKM Group has acquired New York-based Illington Group for an undisclosed sum. The combined companies will operat...

The Stuttgart-headquartered DKM Group has acquired New York-based Illington Group for an undisclosed sum. The combined companies will operate under the new global brand ThomasLloyd, offering a full line of financial services to its clients in the Americas, Europe and Asia, through four divisions. Private wealth management and services for financial intermediaries will be offered through ThomasLloyd Global Wealth Management. The merger will leverage the strengths of both organisations, according to a statement. Illington has hitherto focused primarily on developing and structuring institutional products for non-US investors. DKM has developed and managed a range of alternative investment products that ThomasLloyd will offer through the new Global Wealth Management division. It will leverage the financial advisory business that DKM has in Central Europe by opening new sales channels to financial intermediaries and institutional clients globally. ThomasLloyd has offices in Stuttgart, Frankfurt, Dusseldorf , London, New York, Albany, San Francisco, Zurich, Vaduz and Beijing.