M and A
Duncan Lawrie To Make Redundancies Following Acquisition Deal
A four-strong team are not set to move over to Brewin Dolphin as part of the takeover.
The Duncan
Lawrie Asset Management research team is set to be made
redundant, this publication has learned.
A person familiar with the matter confirmed to
WealthBriefing that the redundancies are a result of
Brewin Dolphin’s impending acquisition of the investment
management business of Duncan Lawrie, with Brewin having its own
research team in place. DLAM declined to comment about the
matter, while a source at Brewin confirmed that while DLAM's
investment team of 11 investment managers and
eight investment support staff were expected to join the
company at its London and Bristol offices, the research team
was not a part of the acquisition.
The takeover, which is due for completion in the first quarter of
this year, will increase Brewin’s total group funds under
management to £36.1 billion ($44.7 billion), following DLAM’s
addition of £735 million in AuM. The acquisition will also add
around 1,000 client relationships to the firm. Read more here.
