NatWest to buy wealth manager Evelyn Partners for £2.7bn
#NatWest #Evelyn Partners #Wealth Management #Barclays #Financial Services #Mergers and Acquisitions #UK Economy
📌 Key Takeaways
- NatWest reached a £2.7 billion agreement to acquire wealth manager Evelyn Partners.
- The deal is NatWest's largest acquisition since its 2008 taxpayer-funded bailout.
- NatWest beat rival bidder Barclays to secure the high-profile transaction.
- The acquisition aims to diversify NatWest's revenue by expanding its wealth management and advisory services.
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🏷️ Themes
Banking, Acquisitions, Finance
📚 Related People & Topics
Wealth management
Investment management and financial planning service
Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families. It is a disc...
Barclays
British multinational banking and financial services company
Barclays PLC (, occasionally ) is a British multinational universal bank, headquartered in London, England. Barclays operates as five divisions: the UK Consumer Bank, UK Corporate Bank, Private Bank and Wealth Management (PBWM), Investment Bank, and the US Consumer Bank. Barclays traces its origins ...
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...
Financial services
Economic service provided by the finance industry
Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance. The terms finance industry and financial services industry in their...
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📄 Original Source Content
<p>Banking group beats Barclays to snare biggest acquisition since it was bailed out by taxpayers in 2008</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/feb/09/japan-election-nikkei-record-high-yen-strengthens-takaichi-election-win-keir-starmer-pound-bonds-news-updates">Business live – latest updates</a></p></li></ul><p>NatWest has agreed a £2.7bn deal to buy Evelyn Partners, one of the UK’s biggest wealth m