Smith and Williamson prepares for listing but not before second half of 2019

Growth plans

clock
 S&W co-CEOs
Image:

S&W co-CEOs

Smith & Williamson (S&W) has said it is taking all the necessary steps to prepare for a potential listing, including upgrading its technology platform, but it will not be ready before the second half of 2019.

The group said in September it has already started preparing for an IPO before it was approached by Rathbones, as merger talks between the groups broke down. S&W is now pressing ahead with its listing plans, although the group acknowledges they will take time. David Cobb, co-chief executive of Smith & Williamson, commented: "Today we are fully focussed on creating value for our clients, shareholders and employees by successfully investing to deliver our growth strategy. "In this light, we continue to prepare for a potential listing, and will be taking all the necessary steps to po...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

SIF 2022: How to invest in biodiversity

SIF 2022: How to invest in biodiversity

Biodiversity panel

clock 04 August 2022 • 6 min read
Chris Hutchinson of Unicorn Asset Management

The Big Interview: What I learned after being dropped from Hargreaves Lansdown's Wealth Shortlist

'I’ve no interest in falling out with people'

clock 04 August 2022 • 6 min read
Partner insight: 'Income is going to be harder to find and we're going to have to look harder for it'

Partner insight: 'Income is going to be harder to find and we're going to have to look harder for it'

Multi-asset investors are increasingly looking to alternative investments to provide defensiveness, says Henk-Jan Rikkerink

Fidelity International
clock 03 August 2022 • 1 min read
Trustpilot