Rathbones issues shares for Speirs & Jeffrey acquisition
The acquisition has dominated flows at the investment group
The acquisition has dominated flows at the investment group
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‘Move is clearly designed to help push Sanlam towards the big, established players’
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Specialising in niche areas could limit Swiss manager’s appeal
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FTSE 250 firm reportedly pipped out Rathbones to enter exclusive talks with Investec
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Lumin managing director said deal could provide a blueprint for further acquisitions
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Premium price tag is several times higher than bid rejected in 2016
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Deal provides a springboard for the business to enter new markets
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Deal will see transfer of £1bn in assets
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Firm also names managing director of Private Client Advisers
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Progeny Group adds advisers in Buckinghamshire, Sussex and Edinburgh to its rapidly-expanding stable
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Fund group’s share price down 25% since Slendebroek took over
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