Williams de Broe

Former Williams de Broë CEO Philip Howell is to join Rathbones as deputy chief executive as the group looks forward to 2013 with "more optimism".

Investec has reached an agreement with Evolution to purchase the Williams de Broë owner in a deal worth £233m.

UK investment bank Evolution Group, the parent company of Williams de Broe, has agreed to buy one part of BNP Paribas' UK wealth management business in a deal that will add £1.8bn in assets under management to Evolution's business.

Banking and asset management giant Investec has confirmed it has made an offer for Williams de Broe owner Evolution Group.

Williams de Broë must fork out £1.4m to the FSCS for its share of a £326m interim levy, an increase of 600% on last year.

Established in 2004, WDB Assetmaster is operated and managed by a motivated and highly experienced team of specialists, recognised for their expertise in delivering a genuine ‘multi-asset' approach to portfolio construction.

Williams de Broë will acquire the assets and investment team of stricken UK discretionary manager Singer & Friedlander IM, for an undisclosed amount.