FCA greenlights £839m Rathbones/Investec W&I merger deal

Shareholder approval required following regulator sign off

Cristian Angeloni
clock • 1 min read

The Financial Conduct Authority (FCA) has approved the merger between Rathbones and Investec Wealth & Investment, but the deal now faces a shareholder vote.

The deal was first announced in April in a bid to "create the UK's leading discretionary wealth manager", Rathbones said yesterday (1 June). In a regulatory filing, Rathbones explained the deal is now subject to shareholder approval, which is set to take place at its general meeting on 23 June at Rathbones offices. The firm added the FCA had approved the combined prospectus and Class 1 shareholder circular in relation to the combination but had yet to approve the change in control application. For the merger to go ahead, shareholders who "together represent a simple majority of the...

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 Investment

Why investors should be getting revved up about Vietnam

Why investors should be getting revved up about Vietnam

From conflict to confidence

Gabriel Sacks
clock 04 September 2025 • 4 min read
Robeco issues investment advice scam warning as fraudsters pose as employees

Robeco issues investment advice scam warning as fraudsters pose as employees

Name and logo used in fraudulent activities

Jenna Brown
clock 02 September 2025 • 1 min read
Laith Khalaf: Trump makes (some) active funds great again

Laith Khalaf: Trump makes (some) active funds great again

42% of active managers have outperformed a passive alternative so far in 2025

Laith Khalaf
clock 02 September 2025 • 3 min read