NatWest Group is weighing a takeover offer for Tilney Smith & Williamson, according to a report from Sky News.
Tilney Smith & Williamson is being put up for sale by its private equity owners this year, with NatWest among a number of banks and financial investors that are said to be interested in bidding for the firm. Sky News said it had learned from sources that NatWest was in the "early stages" of considering an offer. NatWest Group has been contacted for comment. The group already owns a number of brands, including private banking and wealth management firm Coutts, asset finance provider Lombard and private bank Drummonds. Tilney Smith & Williamson, which comprises Tilney, Smith & Wil...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes