Monday, February 9, 2026 at 11:26 AM
NatWest is acquiring Evelyn Partners for £2.7 billion to enhance its wealth management services, which will significantly increase its assets under management and diversify its revenue streams.
The deal marks the latest tie-up in the asset-management industry as firms are racing to build the scale needed to weather relentless fee pressure.
NatWest forecast continued income growth and higher profitability as it bets on wealth management to draw customers in and diversify earnings.
The Australian logistics operator has agreed to support a takeover offer from a consortium led by Macquarie Asset Management that values its equity at $6.51 billion.
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