What did the NatWest CEO request amidst political instability?

The NatWest CEO requested 'stability, certainty, and growth' for businesses and households.

What is the value of the Evelyn Partners acquisition by NatWest?

NatWest acquired Evelyn Partners for £2.7 billion, making it their largest deal since 2008.

How will the Evelyn Partners acquisition impact NatWest's services?

The acquisition will create Britain's largest private banking and wealth management entity, transforming savings and investments for millions of customers.

Home / Business and Economy / NatWest Boss Eyes Stability Amidst Political Chaos

NatWest Boss Eyes Stability Amidst Political Chaos

10 Feb

•

Summary

NatWest CEO calls for stability, certainty, and growth.
Bank acquires wealth manager Evelyn Partners for £2.7 billion.
Deal creates Britain's largest private banking and wealth management entity.

NatWest Boss Eyes Stability Amidst Political Chaos

NatWest CEO Paul Thwaite has urged for 'stability, certainty, and growth' as political turmoil impacts market confidence. His comments coincide with the completion of NatWest's significant £2.7 billion acquisition of wealth manager Evelyn Partners, marking the bank's largest deal since its 2008 state bailout. This strategic move is poised to establish Britain's premier private banking and wealth management entity.

The acquisition of Evelyn Partners, which possesses £69 billion in assets under management, will be combined with NatWest's existing Coutts brand. This integration is projected to create a formidable £127 billion wealth management operation. NatWest anticipates achieving £100 million in annual savings from the deal, signaling potential job redundancies due to duplicated functions.