Investec Group announces combination of Investec Wealth & Investment UK and Rathbones Group to create the UK’s leading discretionary wealth manager
The Boards and Management of Investec plc (“Investec Group”) and Rathbones Group Plc (“Rathbones”) are pleased to announce that they have entered into a definitive agreement regarding an all‐share combination of Investec Wealth & Investment Limited (“Investec W&I UK”) and Rathbones to create the UK’s leading discretionary wealth manager (the “Enlarged Rathbones Group”) (the “Combination”).
The Combination brings together two trusted and prestigious UK wealth management businesses with closely aligned cultures and operating models. The Enlarged Rathbones Group will create the UK’s leading discretionary wealth manager with approximately £100 billion in funds under management and administration (“FUMA”), delivering the scale that will underpin future growth.
The Combination establishes a long‐term, strategic partnership between the Enlarged Rathbones Group and Investec Group, which will enhance the client proposition across banking and wealth management services for both groups. The Combination represents a significant value creation opportunity for both Investec Group and Rathbones stakeholders.
