Rathbones’ merger with Investec W&I has been completed, creating one of the largest discretionary wealth managers in the UK, with £100bn in combined assets.
Investec W&I will now operate under the Rathbones brand with Investec Group as a long-term, strategic shareholder. As previously announced back in April, the deal implied an equity value of approximately £839m for Investec W&I UK. The transaction was approved by shareholders in June, with 94.4% of votes cast in favour of the merger and 5.6% against, according to a regulatory filing. Rathbones group chief executive (CEO) Paul Stockton said the combination presented "many exciting future opportunities". "Completion represents the start of a journey to bring both businesses together, ...
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