Word on the Street: Deutsche to acquire Tilney Group

Deutsche Bank plans to acquire the Tilney Group from Bridgepoint and Tilney Management, as part of a...

Deutsche Bank plans to acquire the Tilney Group from Bridgepoint and Tilney Management, as part of a move to strengthen its presence in the UK private wealth management market. The acquisition, which is expected to compete in the fourth quarter, subject to regulatory approvals, is part of Deutsche Bank’s private wealth management strategy to expand its onshore presence in core markets. The group plans to expand into various client segments, including the intermediary sector. Tilney is one of the largest independent provider of wealth management services in the UK with assets under man...