Completion of acquisition

RNS Number : 7670I

Rathbone Brothers PLC

06 April 2020

 

Rathbone Brothers Plc

Completion of the acquisition of the Personal Injury and Court of Protection business of Barclays Wealth

Further to the announcement made on 28 November 2019 Rathbone Brothers Plc ("Rathbones") announces that its wholly-owned subsidiary, Rathbone Investment Management Limited, has completed the acquisition of the Personal Injury and Court of Protection business of Barclays Wealth. Clients representing approximately £450m of FUM have successfully transferred to Rathbones. 

Paul Stockton, Chief Executive of Rathbone Brothers Plc, commented:

"I am delighted to welcome the clients and employees of Barclays Wealth's Personal Injury and Court of Protection business to Rathbones. This transaction represents another success for Rathbones as we deliver on our growth strategy."

6 April 2020

For further information contact:

Rathbone Brothers Plc

Tel: [phone]

Email: [e-mail]

Paul Stockton, Chief Executive

Jennifer Mathias, Group Finance Director

Shelly Patel, Head of Investor Relations

Camarco (Communications adviser to Rathbones)

Tel: [phone]

Email: [e-mail], [e-mail]

Ed Gascoigne-Pees

Julia Tilley

Rathbone Brothers Plc

Rathbones provides individual investment and wealth management services for private clients, charities, trustees and professional partners. We have been trusted for generations to manage and preserve our clients' wealth. Our tradition of investing and acting responsibly has been with us from the beginning and continues to lead us forward. Our ambition is to be recognised as the UK's most responsible wealth manager.

Rathbones has over 1,500 staff in 15 UK locations and Jersey; its headquarters is 8 Finsbury Circus, London.

rathbones.com

 

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