Stephen Lansdown-backed investment firm Ravenscroft is to acquire Royal London Asset Management Channel Islands (RLAM CI) to bolster its existing cash management offering.
RLAM CI is being bought along with Royal London Custody Services CI by Guernsey-based Ravenscroft for an undisclosed sum from Royal London Mutual Insurance Society. Subject to approval by the Guernsey...
Creates £11bn asset management business
And more competition
Launched November 2018
£15m group claim