Rathbone Investment Management has acquired Dexia's UK private banking business for an undisclosed sum.
Completion of the takeover – which will see a transfer of around £540m in assets under management – is expected in April, subject to regulatory approval. Dexia says it then plans to concentrate its private banking operations at “selected onshore and offshore markets where the group already has a significant presence”. IFAonline
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
