2023: Investec combined its UK Wealth & Investment business with Rathbones to create the UK’s largest discretionary wealth manager (c.£100bn AUM), with Investec taking a c.41% stake in the enlarged Rathbones, an all-share corporate action of c.R20bn+ recorded in SA tables and one of the largest cross-border SA corporate restructurings of the window.
Value: All-share (c.£1.5bn value of the combined vehicle), completed 2023 (verified against public announcements).
Advisers: not disclosed (per Investec/Rathbones announcements).
Recorded by The Meridian research desk from public announcements, regulatory filings and financial press coverage. Dates and values are as publicly reported.
