Lloyds Banking Group completed the acquisition of the remaining stake in Schroders Personal Wealth.

Lloyds Banking Group, a UK retail and commercial financial services provider, completed the acquisition of the remaining stake in Schroders Personal Wealth, the wealth management and advice business previously operated as a Joint Venture with Schroders Group. Lloyds Banking Group has acquired the remaining 49.9% of share capital from Schroders in exchange for its 19.1% stake in Cazenove Capital. The transaction involved no cash consideration.