Rathbone Brothers Plc’s subsidiary to acquire part of Barclays Wealth business

  • Rathbone Brothers Plc’s (LON: RAT) wholly-owned subsidiary, Rathbone Investment Management Limited, has reached an agreement to acquire the Personal Injury and Court of Protection business of Barclays Wealth.
  • The business comprises approximately £500 million of FUM managed on behalf of approximately 600 clients and their deputies and trustees.
  • The acquisition, which is subject to regulatory approvals will be funded from existing capital resources of the company.