Stockbroker and investment bank Evolution Group plc - the parent company of Williams de Broe - said it was confident of future growth after earnings and profits both moved up for the first half of the year.
The company, which weathered the recession better than most, saw profits up to June 30 rise 22 per cent compared to the same period last year to £4.5million.
It has been a particularly successful year for the Birmingham office of Williams de Broe which has seen two growth landmarks during the past 12 months – a switch to new offices at ColmorePlazaand going through the £1 billion mark for funds under management.
It moved its 42 staff after agreeing to take 5,600 sq ft in the complex, formerly the site of the Birmingham Post & Mail.
The 14 investment directors now handle in excess of £1.1 billion of investment mandates for private clients and their associated trusts, pension funds, charities and tax-efficient portfolios and private funds.
Office head Adrian Quin said: “Although volatility has remained in investment markets, confidence has been returning and trading has reflected that.
“Like the UKeconomy is showing growth despite all the fears over public sector cutbacks, so we continue to do so too.
“We are very pleased with the office’s performance and remain confident about the future of the business in the Midlands. It is our intention to further expand as conditions allow.
“The relationship with our clients is all important and we do our best to exceed their expectations.
“Colmore Plaza has proved to be a fantastic move. We were bursting at the seams in our old place at One Colmore Row. It has provided our staff with much improved facilities while allowing us to remain in the heart of the city centre. Indeed, it meant we could increase our space by 20 per cent without a commensurate rise in ongoing costs because of the competitive nature of the current commercial property market.
“The substantial capital expenditure in the new office fit-out is a demonstration of the WdeB commitment to Birminghamand to being the leading independent investment manager in the city working closely with other professional advisers.”