Former Invesco Perpetual CEO Mike Webb will take over as chief executive of Rathbone Unit Trust Management, replacing Peter Pearson Lund.
Rathbones has agreed to acquire up to £1.27bn in private client funds from Lloyds Banking Group for a cash consideration expected to be about £35.4m.
Julian Chillingworth, chief investment officer at Rathbone Unit Trust Management Limited, says the months ahead will be a mixed tale for earnings and outlooks.
Rathbones is extending its ethical investment service by launching Rathbone Greenbank Investments in Liverpool.
Rathbone Investment Management has sold part of its UK private banking business to Butterfield Private Bank.