trending Market Intelligence /marketintelligence/en/news-insights/trending/ZUgcUks7PcBDHI7BjUCMeQ2 content esgSubNav
In This List

UK's Tilney Group confirms media reports of merger talks with Smith & Williamson

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


UK's Tilney Group confirms media reports of merger talks with Smith & Williamson

U.K.-based investment and financial planning services provider Tilney Group Ltd confirmed media speculation that it was engaged in exclusive discussions with Smith & Williamson Holdings Ltd. to merge.

A merger would create an entity with combined assets under management of more than £45 billion, according to an Aug. 19 statement.

The group added that it is uncertain whether the talks will result in a deal and that it will make an announcement on the matter when appropriate.

The news was also confirmed in a separate statement by Canada-based AGF Management Ltd. which, according to S&P Global Market Intelligence data, owns a 29.94% stake in Smith & Williamson.