Royal Bank of Canada acquires Brewin Dolphin for £1.6bn

The UK and Ireland wealth manager will now operate as RBC Brewin Dolphin, as part of RBC, and will continue to be led by its current chief executive Robin Beer. The "transformative acquisition," which was first announced by RBC in March this year, will create one of the largest wealth managers in the UK Channel Islands and Ireland with £58bn assets under management as at 31 August 2022. RBC Wealth Management International and RBC Brewin Dolphin will continue to operate as separate businesses until integration over the coming months, with no immediate changes to the propositions that e...