Editor's view: Schroders and Evelyn Partners – deals with a difference

Two significant deals, two quite different sets of circumstances and impacts. An Evelyn Partners sale had been well trailed, with a few big-name UK banks said to be in the frame. Ultimately, it was Coutts' owner Natwest that came out on top in a deal that sees Evelyn Partners valued at £2.7bn. The move sees Natwest add £69bn in assets under management and administration, bringing its total to £188bn once the deal closes (expected summer of this year). While the Evelyn deal was hotly anticipated, Schroders' sale agreement with Nuveen surprised the City when announced on Thursday....