Williams de Broë buys BNP Paribas UK WM

Williams de Broë has completed the acquisition of BNP Paribas’ UK wealth business

Williams de Broë has completed the acquisition of BNP Paribas’ UK wealth business.

The deal for the arm, BNP Paribas Private Investment Management (BPIM), was announced on 8 August and has been approved by The Financial Services Authority. The deal will see BIPM take the Williams de Broë name.

The Spear's Newsletter

Sign up to have the short, sharp Spear's newsletter delivered to your inbox each week Sign up here

The firm’s interest in BPIM was originally unveiled shortly before its parent, Evolution, became embroiled in a bid battle with Investec and Canaccord vying for control of the business.

Related

Wealth

Five key takeaways from J.P. Morgan’s conversations with the world’s wealthiest families

Wealth

Zohran Mamdani is mayor of New York City: this is how America’s wealthiest are reacting

Wealth

Exit tax explained: advice for UHNWs ahead of Budget 2025

Evolution eventually plumped for the Investec offer, which was worth around £220 million.

To read the full story, visit citywire.co.uk

Content from our partners

From bold beginnings to global prestige: the legacy of Penfolds Bin 707

The Windsor is bringing seamless luxury to Heathrow

25 years of White v White and couples navigating separation remain subject to an outdated legislation passed in the era of the 3 day working week