Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

City investors to float £1.5bn vehicle to snap up RBS branches

City investors to float £1.5bn vehicle to snap up RBS branches

Henderson and Schroders are thought to be among the high-profile City investors looking to raise a listed vehicle to buy Royal Bank of Scotland (RBS) branches, according to reports.

The group is hoping to float a £1.5 billion vehicle to buy 316 RBS 'rainbow' branches before they have found out if they have won an auction for them.

Other backers include F&C and the Pears Family - well-known property billionaires - The Telegraph has reported.

The vehicle will be called W&G Investments, and comes as pressure mounts for RBS to appoint Ross McEwan, its UK retail operations head, as its former chief Stephen Hester's replacement.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Play Wealth managers reveal the best investment ideas of the year

Wealth managers reveal the best investment ideas of the year

From robotics to impact investing, wealth managers share the best ideas they have heard this year.

Read More
Wealth Manager on Twitter