India’s Dion Global Solutions has acquired UK-based Investmaster Group, a provider of wealth management and stockbroking software, as part of ongoing efforts to expand its suite of financial solutions products and global presence.

Investmaster has been in the private client market for over 25 years and has some £28 billion ($43.3 billion) in assets under management.

"Investmaster is a highly strategic acquisition for us. Their reputation in the market, their client base and their technology offer us a strong presence in the UK,” said Ralph Horne, Dion’s global chief executive and managing director.

"Combined with the added products, investment and market expertise that Dion can offer, Investmaster is a key element in the wider Dion brand. Our resources, contacts and global operations will allow Investmaster to continue growing in the UK and now expand into new markets through our global distribution network.”

Dion’s existing product suite covers portfolio management, trading, settlement, risk management, analytics, treasury services and research services.

Changes in the day-to-day operations of Investmaster are not expected. Peter Little will continue as CEO, and the management team and staff will remain the same. A rebranding of Investmaster under the umbrella of Dion Global Solutions is however to take place.

Dion Global Solutions currently operates in 62 countries, serving 660 clients.