NatWest is chasing the mass affluent wallet. So is everyone else | Nils Pratley
#NatWest #Evelyn Partners #financial services #UK banking #investment management #mass affluent #M&A
📌 Key Takeaways
- NatWest is acquiring Evelyn Partners for £2.7 billion to target the 'mass affluent' demographic.
- This is the bank's largest transaction since its 2008 government bailout.
- The deal adds approximately £60 billion in assets under management to NatWest's portfolio.
- Analysts warn the high acquisition cost may result in a slow return on investment.
📖 Full Retelling
🏷️ Themes
Banking, Wealth Management, Acquisitions
📚 Related People & Topics
Banking in the United Kingdom
Banking in the United Kingdom encompasses a system of banks and bank-like financial institutions that provide financial services to consumers and businesses, overseen by regulators and ultimately, the central bank, the Bank of England. The sector consists of incumbent major banks and innovative chal...
Sunday Business
British newspaper
Sunday Business was a national Sunday broadsheet financial newspaper published in the United Kingdom, which ran from 1996 to 2006, when it was turned into a magazine called The Business.
Evelyn Partners
Financial services company
Evelyn Partners is a wealth management company based in the United Kingdom offering financial planning and investment management services. It is formerly known as Tilney Smith & Williamson, which was the result of a 2020 merger between Tilney and Smith & Williamson. The group also operates the onlin...
NatWest
British retail and commercial bank
National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it became part of The Royal Bank of Scotland Group, which wa...
📄 Original Source Content
<p>Bank snares biggest acquisition since it was bailed out by taxpayers in 2008 but it isn’t cheap – and may be slow to pay off</p><ul><li><p><a href="https://www.theguardian.com/business/2026/feb/09/natwest-buy-wealth-manager-evelyn-partners-barclays">NatWest to buy wealth manager Evelyn Partners for £2.7bn</a><br><br><strong><br></strong></p></li></ul><p>Announce a £2.7bn acquisition and watch your