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 HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: how to control your destiny in an age of regulation

Profile: how to control your destiny in an age of regulation

‘RDR was good news to us because it aligned our practices with the industry,’ says Courtiers boss Jamie Shepperd

Wealth Manager on Twitter