Natwest executives have outlined that bringing financial planning capabilities to its customer base will boost revenue synergies following its purchase of Evelyn Partners.
In a shareholder call this morning (9 February) shortly after the £2.7bn deal was unveiled, Natwest Group CEO Paul Thwaite touched on the bank's revenue synergies, saying that there are "two broad strands". The first is bringing financial planning and investment capabilities to Natwest's wider customer base. "Not just within our wealth business, but also across our retail and commercial and institutional franchises," Thwaite explained. He also said that Natwest sees a "significant opportunity" with Evelyn Partners' Bestinvest direct‑to‑consumer platform. "The second strand is su...
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