Lloyds Agrees to Sell Private Client Funds Portfolio for Gbp 35m to Rathbone Brothers
Summary
How we reported the story in last Thursday's Scotsman
LLOYDS Banking Group has finally reached an agreement with investment firm Rathbone Brothers to offload portfolios of private client funds, despite the blow caused by the defection of wealth managers last week.See the full content of this document
Extract
Lloyds Agrees to Sell Private Client Funds Portfolio for Gbp 35m to Rathbone Brothers
Lloyds expects to raise about GBP 35.4 million from the sale.
It is hoped 6,000 customers with a total of GBP 1.27 billion of fun...See the full content of this document