GMA Capital, a US-based venture capital and investment banking group, has bought ProVen Private Equity, its UK associate firm, for an undisclosed sum.

The two companies have a close working relationship. GMA Capital Management manages ProVen's $65m (€73m) InvestCare Fund, which invests $2 to $5m in companies in the healthcare sector, specifically in healthcare technology, services, products and devices.

Nicholas Lockley

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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