Update: Tilney and S&W confirm £45bn merger

Chief executive of Tilney Chris Woodhouse will become group chief executive

Mike Sheen
clock • 3 min read

Tilney and Smith & Williamson have confirmed a merger agreement, which is expected to build a £45bn AUM wealth business when finalised in 2020, under the name of Tilney Smith & Williamson.

In a statement on Thursday (19 September) the firms said they had agreed a deal that will see S&W shareholders receive consideration valued at £625m via a combination of cash consideration and shares in the enlarged group. The firm's management shareholders will be rolling the majority of their investment into the equity of the enlarged group. Chief executive of Tilney Chris Woodhouse will become group chief executive while Tilney chairman Will Samuel will maintain his title for the combined group. The group's board will comprise representatives from both firms, including co-CEOs of S...

To continue reading this article...

Join Investment Week for free

  • 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 Wealth Management

Wealth management heavyweights join KKR's Global Wealth Investment Council

Wealth management heavyweights join KKR's Global Wealth Investment Council

Newly formed forum

Valeria Martinez
clock 25 March 2024 • 1 min read
M&G Wealth Platform to host full MPS range from 7IM

M&G Wealth Platform to host full MPS range from 7IM

Expands accessibility for advisers

Sahar Nazir
clock 19 February 2024 • 1 min read
Redington head of global assets Gillespie: Do you trust your DFM?

Redington head of global assets Gillespie: Do you trust your DFM?

Five key questions to ask

Tara Gillespie
clock 31 January 2024 • 4 min read
Trustpilot