Embark Group completed a £39.4m capital raising.

BlackRock, Legg Mason, and Merian Chrysalis, investment management companies, has completed their £39.4m investment into Embark Group, that provides digital retirement and platform services. “The capital raising represents a significant step in our ambition, capacity and capability to be a major force in digitally led retirement and savings sector. Capital is central for continued steady growth but partnering with major global players who have a fully aligned vision of the future requirements across the financial advisory, direct and workplace channels, is of huge benefit," Phil Smith, Embark Group Chief Executive.