View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
August 22, 2017

Rathbones confirms merger negotiations with Smith & Williamson

British wealth manager Rathbones has confirmed that it is in exclusive merger talks with rival Smith & Williamson.

The deal is likely to be structured as an all-share merger, Rathbones said. The wealth manager however, indicated that there is no certainty of the deal being materialised.

“Whilst these discussions have been underway for some time and the boards of both Rathbones and Smith & Williamson are confident that the combination would bring meaningful benefits for the stakeholders of both businesses, discussions are ongoing and there can be no certainty any transaction will be agreed,” Rathbones said in a statement.

Rathbones also said and that the deal would be subject to shareholders’ nod if agreed. It did not disclose any further details, adding that it would reveal more details “as and when appropriate”.

Rathbones currently oversees over £36bn in assets, while Smith & Williamson oversees around £19bn in assets. The two groups together employ around 3,000 staff.

Topics in this article: , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International