UAP Group has completed its "strategic pivot towards the flourishing UK market, strengthening its already established footprint in the region".
In a statement on 14 December, UAP said the group's senior management will be transitioning from Guernsey to the UK, a change driven by developments in the UK market, particularly around product enhancement and growth opportunities.
"The offshore market will remain an important element of UAP's portfolio, albeit with a secondary focus, as the business expands its joint venture relationships.
"This strategic realignment enables UAP to continue delivering a comprehensive market offering for expats, showcasing a wide range of financial products and services tailored to meet clients' unique needs", the statement said.
"In alignment with this strategic direction, UAP has dissolved its ownership structure with Concept Group. This decision was not an easy one to make, but it underlines UAP's unyielding commitment to focusing on high-growth market environments."
The statement added that "a notable aspect of this transition is the enhanced capability it affords UAP to develop more sophisticated planning tools for both UK clients and expats. These advancements are anticipated to materially improve client experience, providing more bespoke and tailored financial planning solutions".
UAP Group CEO, Rob Shipman, said: "We are extremely optimistic about the vast potential in the UK market. The decision to centralise our operations in the UK reflects our agile strategy, perpetually aligning with market dynamics to offer unparalleled value to our stakeholders. Our complete market offering for expats, coupled with the introduction of sophisticated planning tools, stands as a testimony to our commitment in not only preserving our market position but also in developing new realms of growth and innovation."
UAP Group MD, James Floyd said: "With a reinforced focus on the booming UK market, UAP Group is on course to accelerate its growth, drive innovation, and continue delivering superior product offerings, in line with our position as a market leader."
