Brooks Macdonald agrees £10m acquisition of Lloyds wealth business
Adds multi-asset and fixed income opportunities
Brooks Macdonald CEO Caroline Connellan
Brooks Macdonald Asset Management is set to acquire Lloyds Bank's Channel Islands wealth management and funds business in a cash deal worth almost £10m.
The deal, which is expected to complete subject to regulatory approval in the fourth quarter of this year, will see Brooks Macdonald purchase 100% of the share capital of Lloyds Investment Fund Managers...
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