Brooks Macdonald agrees £10m acquisition of Lloyds' offshore wealth business

Adds multi-asset and fixed income opportunities

Mike Sheen
Brooks Macdonald CEO Caroline Connellan

Brooks Macdonald CEO Caroline Connellan

Brooks Macdonald Asset Management is set to acquire Lloyds Bank's Channel Islands wealth management and funds business in a cash deal worth almost £10m.

The deal, which is expected to complete subject to regulatory approval in the fourth quarter of this year, will see Brooks Macdonald purchase 100% of the share capital of Lloyds Investment Fund Managers...

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


More on Wealth managers

Mitesh Sheth of Redington

Mitesh Sheth steps down as Redington CEO

Over five years at the helm

clock 26 November 2021 • 1 min read
Nick Lyth

Nick Lyth steps back as Green Angel Syndicate CEO

Two new board members

James Baxter-Derrington
clock 26 November 2021 • 2 min read
Collinson replaces Niki Beattie, who has served as chair of the board since January 2013, when he became the company’s first chair.

Aquis Exchange appoints new chair

Glenn Collinson

James Baxter-Derrington
clock 26 November 2021 • 2 min read