The Rothschild Group has confirmed the sale of its Rothschild Asset Management (RAM) business to HBO...
The Rothschild Group has confirmed the sale of its Rothschild Asset Management (RAM) business to HBOS's Insight Asset Management for £61m, resulting in the transfer of £10bn in assets under management. Insight took up the option of not buying RAM's Japan and Singapore funds business, which leaves about £1bn worth of assets to be integrated into Rothschild's future private banking plans. The deal takes Insight closer to its goal of becoming the UK's fifth largest asset manager. Rothschild says the deal was needed to help it move towards creating a single global private b...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes