Brewin sets wealth course with sell-off - Business - Evening Standard
       

Brewin sets wealth course with sell-off

Private client stockbroker Brewin Dolphin moved itself firmly into the wealth manager sector today, selling its corporate finance business for £5 million.

The buyer is a partnership between Spain-based financial adviser N+1 and the Brewin division's management led by Graeme Summers.

Brewin will get £1 million cash and £4 million of preferred shares. Executive chairman Jamie Matheson, said the sale simplified the group and meant it could reduce the regulatory capital it held.

Comments

Don't Miss
Rock star: Erin Wasson

Rock star

Erin Wasson is the ultimate anti-supermodel
Maybe it’s because she’s a Londoner … Happy anniversary, Ma’am

Happy anniversary

The monarchy has become stronger and more respected in the past 60 years
Victoria Coren: My obsession with children, five proposals a week and why David and I are no power couple

Victoria Coren

David Mitchell and I are no power couple
The Royal Academy of Arts Summer Exhibition preview party

Summer party

Stars at the The Royal Academy of Arts
London gets ready for the Diamond Jubilee - in pictures

Diamond Jubilee

London gets ready - in pictures
The Glamour Awards - stars turn on the style

Glamour Awards

Stars turn on the style
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party

Garden party

Duchess of Cambridge is pretty in pink
FIRST review of Ridley Scott's latest sci-fi blockbuster Prometheus

First review

Is Ridley Scott's Prometheus any good?
Fair-weather goths

Fair-weather goths

The sultry shades of summer darks are coming out of the shadows
Dog save the Queen: Corgis surge in popularity

Dog save the Queen

Corgis surge in popularity