All the updated news related to wealth management

All the news related to wealth management updated in real time

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City

Rathbones snaps up Investec wealth business in £839m deal

Rathbones has snapped up the wealth and investment division of rival Investec Group in a deal worth about £839 million. The move will see the creation of the UK’s “leading discretionary wealth manager” with combined funds under management of £100 ...

04 Apr 2023 at 11:11

City

Fund manager founded by Sir Jacob Rees-Mogg to close

The fund management firm co-founded by former business secretary Sir Jacob Rees-Mogg is to be wound down after recently losing its largest client. London-based Somerset Capital Management – which specialises in emerging markets – said it is in ...

07 Dec 2023 at 11:51

City

Standard Chartered to double spending on wealth arm as outlook hiked again

Standard Chartered has pledged to double investment in its fast-growing wealth management business as the bank raised its outlook after a forecast-beating third quarter. The London-listed group, which makes most of its revenues in Asia, ...

30 Oct 2024 at 09:39

City

Standard Chartered eyes sale of three African retail banking businesses

Standard Chartered is considering selling a number of its banking businesses across Africa as part of a wider shake-up at the finance giant. The London-listed firm said on Wednesday that it is exploring the sale of its wealth and ...

27 Nov 2024 at 13:00

City

Lloyds set to take control of Schroders wealth tie-up in ‘mass affluent’ push

Lloyds is set to scrap its wealth management tie-up with Schroders and take control of the unit amid efforts to sharpen its focus on more affluent customers. The banking group is considering buying out Schroders’ 49.9% stake in ...

02 Oct 2025 at 13:40

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