Rathbones Group completed the acquisition of Investec Wealth & Investment from Investec for £839m.

Rathbones Group, a provider of personalised investment management and wealth management services, completed the acquisition of Investec Wealth & Investment, an investment management company, from Investec, a banking and wealth management group, for £839m. "Rathbones' combination with Investec W&I UK presents many exciting future opportunities and creates the UK's leading discretionary wealth manager with approximately £100 billion of funds under management and administration. Completion represents the start of a journey to bring both businesses together, delivering a high-quality range of services to clients and offering employees the chance to grow and develop within the enlarged Rathbones group. The strategic and financial rationale behind the combination is compelling and I thank all teams at Rathbones, Investec W&I UK and Investec Group for their dedication to achieving this milestone. I look forward to achieving the benefits to be realised for our clients, colleagues and shareholders," Paul Stockton, Rathbones Group CEO.