Rathbones’ acquisition of Barclays Wealth arm completes

The acquisition of Barclays Wealth’s Personal Injury and Court of Protection business by Rathbones Investment Management has completed. The transaction has added £450m of assets under management, along with 600 new clients, to Rathbones.

A ten-man specialist team from Barclays Wealth will join Rathbones’ PI and CoP business, which deals with money on behalf of clients who have suffered a serious injury.

Plans for the acquisition were announced in November 2019, and was funded through Rathbones’ existing capital resources.

Chief executive of Rathbone Brothers, Paul Stockton, commented: “I am delighted to welcome the clients and employees of Barclays

“This transaction represents another success for us as we deliver on our growth strategy.”

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