£44bn Tilney Smith & Williamson merger to complete on 1 September

Regulatory approvals received in August

Mike Sheen
clock • 2 min read

The £44bn merger between Tilney and Smith & Williamson is set to complete on 1 September, having previously been delayed by the coronavirus pandemic and intervention from the Financial Conduct Authority, Investment Week has learned.

Earlier this year, disruption caused by the coronavirus pandemic held up the merger, while the regulator identified "a number of issues" with the previous terms of the deal. In September 2019 the firms confirmed the merger, which is set to create a £44bn AUM business under the name Tilney Smith & Williamson with chief executive of Tilney Chris Woodhouse set to become group chief executive. Amid the disruption, private equity firm Warburg Pincus entered the fray to co-invest in the business alongside existing investor Permira, as part of a revised transaction structure. Now, in a S&...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Sector divided on Reeves' pullback on Cash ISA reform

Sector divided on Reeves' pullback on Cash ISA reform

‘A big win for defenders of a broken system’

Sorin Dojan
clock 11 July 2025 • 2 min read
FCA flags progress on internal DEI targets and urges action on Consumer Duty

FCA flags progress on internal DEI targets and urges action on Consumer Duty

According to the FCA report 2024-2025

Sahar Nazir
clock 11 July 2025 • 2 min read
FCA reviewing client categorisation rules to distinguish retail investors from the pack

FCA reviewing client categorisation rules to distinguish retail investors from the pack

Goal of 40 more initiatives to be completed by year end

Eve Maddock-Jones
clock 10 July 2025 • 2 min read