Schroders has sold its 49.9 percent stake in Schroders Personal Wealth to Lloyds Banking Group, while regaining ownership of Lloyds’ stake in Cazenove Capital, thereby restructuring its focus on high-net-worth clients.
Information on the Target
Schroders Personal Wealth (SPW) is a joint venture that was established between Schroders and Lloyds Banking Group to provide wealth management services. Over the past six years, SPW has evolved into a significant player in the wealth management sector, catering to a diverse clientele seeking tailored financial solutions. As part of its operations, SPW has benefitted from both companies’ expertise, leveraging Schroders' investment management capabilities and Lloyds' banking services.
In the recent transaction, Schroders divested its 49.9 percent stake in SPW to Lloyds Banking Group, thereby transitioning the venture into Lloyds' complete ownership. Subsequently, SPW is set to be rebranded as Lloyds Wealth, reflecting its new status under Lloyds Banking Group while maintaining its operational integrity.
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Industry Overview in the Target’s Specific Country
The wealth management industry in the United Kingdom has witnessed substantial growth, driven by an increasing number of high-net-worth individuals and a rising demand for personalized
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Lloyds Banking Group
invested in
Schroders Personal Wealth
in
in a Joint Venture deal