Rathbones Investment Management

Written by Citywire

April, 2020

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Rathbones adds £450m with Barclays Wealth unit acquisition

Rathbones has completed the acquisition of Barclays Wealth’s personal injury and court of protection business for an undisclosed sum.

The deal, which was announced at the end of last year, will see around £450m worth of assets transferred to Rathbones.

As part of the deal, a team of 10 individuals, along with their book of 600 clients, will join Rathbones.

‘I am delighted to welcome the clients and employees of Barclays Wealth’s Personal Injury and Court of Protection business to Rathbones,’ the firm’s chief executive Paul Stockton told the market.

‘This transaction represents another success for Rathbones as we deliver on our growth strategy.’

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