Lloyds Banking Group buys Embark for £390m

Jackie Leiper to run business

Jenna Brown
clock • 3 min read
Lloyds Banking Group buys Embark for £390m
Image:

Lloyds Banking Group buys Embark for £390m

Platform business Embark and its subsidiary brands have been sold to Lloyds Banking Group for £390m, it has been announced.

The deal, which is subject to regulatory approval, excludes the Rowanmoor SIPP and SSAS administration business, which is being retained by existing shareholders. The deal announced today (29 July)...

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms