Cross-border financial services provider STM Group announced on Wednesday that, following its announcement on 16 February, STM Malta has completed on the acquisition of Harbour Pensions.
Following the announcement of 14 November 2017, STM Group, the cross border financial services provider has been advised that the Gibralter Financial Services Commission and associated subsidiaries agreed voluntary stay, devoid of prejudice to the respective parties' legal arguments, till the appeal countering the appointment of inspectors was heard by the court.
STM Group has agreed to acquire Malta-based Harbour Pensions to expand its existing business on the Mediterranean island.
Shares in STM Group are up almost 3% after it posted a slight rise in full-year pre-tax profit, despite it warning the Government's proposed new QROPS policy has led the company to lower its 2017 revenue expectations by about £1.1m.
Cross-border financial services provider STM Group announced a pre-close trading update on Thursday, with the board reporting that the group traded in line with market expectations of profit before tax of £2.7m for 2016 - precisely in line with 2015's result.
AIM listed financial services provider STM Group has completed the acquisition of rival London & Colonial Holdings, ahead of the expected timeline, for about £5.3m in order to enter the self-invested personal pension (SIPP) market.
Cross-border financial services provider STM Group announced the launch of its Australian, superannuation qualifying, recognised overseas pension scheme based out of Gibraltar on Monday.
Multi-jurisdictional financial services company STM Group announced its unaudited interim results for the six months to 30 June on Tuesday, with revenue down to £7.9m, compared with £8.3m a year ago.
STM Group, an international financial services provider, has had fewer clients sign up to their pension schemes than expected due to the uncertainty surrounding Brexit.
STM Group chief executive officer Colin Porter has stepped down, according to a corporate statement issued on Tuesday.
STM Group announced that Jonathon Shearman will join the multi-jurisdictional financial services group's board as non-executive director, effective immediately.
STM Group's Jersey division has been cleared following an investigation into its compliance procedures in 2012.
STM Group's chief financial officer increased her stake in the company in another show of confidence in the financial services business by its board.
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Financial services company STM Group has appointed Therese Neish as Chief Financial Officer (CFO) with immediate effect.
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