Brooks Macdonald completes Lloyds' offshore wealth business acquisition

Deal was announced in June this year

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CEO of Brooks Macdonald Caroline Connellan
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CEO of Brooks Macdonald Caroline Connellan

Brooks Macdonald has announced the completion of the acquisition of Lloyds Bank International’s Channel Islands wealth management and funds business by its subsidiary Brooks Macdonald Asset Management.

The transaction was initially announced on 24 June 2020 and has now received all the necessary regulatory permissions. Brooks Macdonald said the acquisition "further transforms the international business",...

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