Arch Financial Products, the London-based investment manager, has bought a 48 per cent stake in offshore independent financial advisory firm Financial Partners Group, according to media reports.

FP Group is established in the Middle East and Asia and focuses on investment, wealth management and advisory services for private clients, corporates and expatriates.

Arch says the new deal will help boost its presence in Asia and the Middle East and provide a platform for its alternative investments product range. It plans to develop customised products to suit Asian and Middle Eastern investors in conjunction with FP Group’s banking arm, FP Bank.

Arch Group chief executive Robin Farrell said: “FP Group provides a highly complementary platform in terms of business mix and geographical spread of clients. They are well positioned to benefit from the emerging market trends in the asset management and wealth management sectors.”