Embark to acquire Zurich Retail Investment Platform and Investment Services

The transaction will bring around £11bn assets under administration and an advised book of close to 130,000 clients to Embark.  The firm said it would also add an extensive distribution capability with strong reach into the adviser community, which would be valuable in driving its future growth, and further increase Embark's presence in the sector. The acquisition is subject to regulatory approval. Embark Group chief executive Phil Smith (pictured) said: "This acquisition is perfectly aligned to our growth strategy and duly establishes Embark as a significant player in the UK retireme...