Rathbones Group PLC (LSE:RAT)
£ 16.58 0 (0%) Market Cap: 1.74 Bil Enterprise Value: 439.96 Mil PE Ratio: 27.04 PB Ratio: 1.25 GF Score: 89/100

Investec PLC to Discuss Combination of Investec Wealth & Investment UK and Rathbones Group PLC Call Transcript

Apr 04, 2023 / 09:30AM GMT
Release Date Price: £19.18 (+1.80%)
Fani Titi
Investec Group - Group CEO & Executive Director

Good morning, ladies and gentlemen, and welcome to this webcast. We appreciate that you could attend this call at such a short notice on what has been a pretty busy week. We're quite delighted to have announced this morning that we have reached agreement with response to combine their business with our wealth and investment business in the U.K. to form the leading discretionary wealth manager in the U.K. with 100 billion Pound Sterling assets under management and administration. It really is a good day for Investec, and we are delighted to be able to share the key aspect of the transaction that is announced.

Just to give you some background, you will know that over time, we have grown our business in the U.K. through some combinations and through some acquisitions. Just to remind you, in 2005, we had a combination of cash airports crossway with Rensburg to form Rensburg Sheppards that is a particularly successful combination for our business.

In 2011, we acquired Williams de Broe. Again, we were able to integrate that

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot