FCA greenlights £839m Rathbones/Investec W&I merger deal

Shareholder approval required following regulator sign off

Cristian Angeloni
clock • 1 min read

The Financial Conduct Authority (FCA) has approved the merger between Rathbones and Investec Wealth & Investment, but the deal now faces a shareholder vote.

The deal was first announced in April in a bid to "create the UK's leading discretionary wealth manager", Rathbones said yesterday (1 June). In a regulatory filing, Rathbones explained the deal is now subject to shareholder approval, which is set to take place at its general meeting on 23 June at Rathbones offices. The firm added the FCA had approved the combined prospectus and Class 1 shareholder circular in relation to the combination but had yet to approve the change in control application. For the merger to go ahead, shareholders who "together represent a simple majority of the...

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Partner Insight: Smoothing the client investment journey to and through retirement

Partner Insight: Smoothing the client investment journey to and through retirement

There are multifaceted challenges that can impact a pension portfolio’s performance and a client’s investment mindset. Smoothed funds offer a potential solution, says Claire Altman, managing director for Individual Retirement Solutions at Standard Life.

Sarka Halas
clock 10 March 2025 • 3 min read
The wonder women from Fundcalibre's rated funds list

The wonder women from Fundcalibre's rated funds list

'These two top-rated women have been quietly delivering for investors for the long term'

Darius McDermott
clock 06 March 2025 • 5 min read
Schroders AUM reaches £779bn as profits rise 14%

Schroders AUM reaches £779bn as profits rise 14%

Firm gives strategy update in full year results

Sorin Dojan
clock 06 March 2025 • 2 min read