Capital G Investments Ltd. has expanded its business through an amalgamation with fellow Bermuda company Kast Investment Management Ltd.

Capital G Investments’ total assets under management have swollen to more than $650 million and its client base to more than 400 as a result of the deal, the company announced today.

Kast is an independent investment management company formed in 1991 by Anne Kast.

Joel Schaefer, president and CEO of Capital G Investments Ltd., said: “The amalgamation is part of a long-term strategic plan to grow our investment business while providing clients of the Capital G Ltd. Group, which includes Private Banking, Investments and Trusts, with access to best of breed investment advice, global reach, diversification of instruments and an expanded investment management network.”

Ms Kast, whose company has around $250 million in assets under management, said: “After detailed research and much discussion I found a partner in Capital G whose mission, philosophies, values and practices are ideally suited to charter the organisation into the next decade.”

* Read the full story in the Business section of tomorrow’s edition of The Royal Gazette