In April 2023, Investec Group announced to the market that it had reached an agreement with Rathbones Group Plc for an all-share combination of Rathbones with Investec Wealth & Investment (UK) and (CI). We're pleased to confirm that the transaction is now complete and Investec Wealth & Investment (UK) and (CI) are now part of Rathbones Group Plc, creating the UK's leading discretionary wealth manager.
Together, we have one of the largest regional office footprints, at 23 locations in the UK and Channel Islands. We're now focused on bringing the best of two trusted and prestigious UK wealth management businesses together, helped by our closely aligned cultures and operating models.
Investec Group is now a supportive, long-term shareholder, owning 41.25% of the economic interest in the combined Rathbones Group Plc. This reflects Investec Group’s long-term commitment to the UK wealth management sector and establishes a long-term, strategic partnership between the two businesses, which we're confident will benefit our clients and colleagues alike.