RBC to Acquire Brewin Dolphin

INVESTMENT MANAGEMENT DEALS BLOG

April 20, 2022

On March 31, 2022, Royal Bank of Canada announced that it will acquire Brewin Dolphin Holdings PLC.

Under the terms of the transaction, Royal Bank of Canada (“RBC”) will acquire Brewin Dolphin Holdings PLC (“Brewin Dolphin”) for C$2.6 billion (approximately $2.1 billion USD). The deal is expected to close in the third quarter of 2022, subject to shareholder and regulatory approvals. Further terms of the deal were not disclosed.

RBC, based in Canada, is a global financial institution offering banking, trust, investment, and other wealth management services to clients. As of December 31, 2021, RBC had approximately C$1.3 trillion ($1 trillion USD) in assets under management.

Brewin Dolphin, based in the United Kingdom, is a wealth manager offering bespoke, discretionary investment management and retirement planning services to clients. As of December 31, 2021, Brewin Dolphin had approximately £59 billion ($77 billion USD) in assets under management.

To read the press release: please click here.