Investec W&I suffers £600m net outflows following investment manager departures
Offset Rathbones’ positive wealth management inflows over the quarter
Offset Rathbones’ positive wealth management inflows over the quarter
Consumer Duty playing a role in driving the trend
Will lead the company through its ‘next phase of growth’
Market and investment performance added £4.9bn to funds under management and advice in Q4
Annabel Barrow joins as senior investment manager
The hires mark the fourth and fifth senior appointments of former Investec W&I employees this year
Operating profit fell to £113.5m from £234.8m
Ruth Leas and Henrietta Baldock to join the Rathbones board
The deal is due to take place on 21 September