Finance firm snapped up

A FINANCIAL advice company based in the Capital has been snapped up by a Swiss rival.

Zurich-based Helvetia Wealth has completed a deal that sees it take over Dunedin Independent, based on Charlotte Square, which was Scotland's largest independently owned firm of financial advisers.

Helvetia already operates offices in Geneva, London, Hamburg, Mauritius, Dublin, Glasgow and Leichtenstein.

Commenting on the deal, its chief executive, Kamil Stender, said: "We anticipate that our proposition of international fund management centred in Switzerland with access to Swiss wealth management services will prove attractive to Scottish investors and that the new UK business will grow substantially in spite of uncertain market conditions at present."