Royal Bank of Canada acquires Brewin Dolphin for £1.6bn

Six month completion

Ayesha Venkataraman
clock • 2 min read

Royal Bank of Canada's (RBC) wealth management arm has completed the acquisition of Brewin Dolphin for £1.6bn.

Brewin Dolphin will now operate as RBC Brewin Dolphin and will continue to be led by its current chief executive Robin Beer, according to RBC. The "transformative acquisition," which was first announced by RBC in March this year, will create one of the largest wealth managers in the UK Channel Islands and Ireland with £58bn assets under management as of 31 August 2022. RBC Wealth Management International and Brewin Dolphin will continue to operate as separate businesses until integration over the coming months, with no immediate changes to the propositions that each business offers on...

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 Investment

Stories of the Week: Rishi Sunak confirms general election; Hargreaves Lansdown rejects bid; FCA approves L&G's first private markets LTAF

sow-iw24

General Election; Hargreaves Lansdown; Legal & General: The biggest stories from the world of investment and asset management this week

Sarka Halas
clock 24 May 2024 • 1 min read
Investment Company of the Year Awards Winners Interview - Law Debenture

Investment Company of the Year Awards Winners Interview - Law Debenture

clock 23 May 2024 • 2 min read
Partner Insight: High yield fundamentals

Partner Insight: High yield fundamentals

Elevated yields and rising coupons look attractive, but credit spreads are relatively tight. This environment warrants both caution and optimism.

Thomas Hanson, Head of Europe High Yield @ Aegon Asset Management
clock 23 May 2024 • 1 min read
Trustpilot